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QUESTION 1 [CLO2: C3] Aidil deposited RM5 000 into a saving account on 30 March 2021 which offers a simple interest rate of 3.5% per
QUESTION 1 [CLO2: C3] Aidil deposited RM5 000 into a saving account on 30 March 2021 which offers a simple interest rate of 3.5% per annum. On 27 October 2021, he withdrew RM500 from the account. Calculate 1 The exact time and approximate time for the date he deposited money to the date he withdrew his saving. [8 marks] ii. The total simple amount and total interest received on the date he withdrew his saving using Banker's Rule method. [9 marks] iii. The balance that is left in the account after the withdrawal. [3 marks] iv. The amount in the account 2 years later after the withdrawal. [5 marks] [25 MARKS]- SI
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