QUESTION 1 RM17,000 was invested on 4 May 2020 at a simple interest rate of %. The amount on 2 August 2020 using Barker's rule was RM7,052.50. Calculate the simple interest rate. (4 marks) b. Abu deposited RM12,000 in a bank that offered simple interest of 6.2% per annum Two years later, he deposited another RM3,000 in the same bank. After 3 years 7 months of his investment, determine i. the total interest earned, (4 marks) ii. the accumulated amount in his account. (3 marks) Find the amount to be invested every three months at 12% compounded quarterly to accumulate RM20,000 in ten years. (3 marks) e Zeti deposited RM50 every week into an account which pays 20% compounded weekly. After three years, she withdrew a certain amount of money and the balance in her account was RM660.30. How much was her withdrawn? (4 marks) Ramona has just won RM25,000 cash prize in the Spend and Win Contest organized by the Arena Mall She intended to invest all the money as her retirement plan for 20 years. The following are the two options that she preferred most Option 1 : Invest in Tabung Amanah saving account that offers 6.5% dividend Compounded awaually Option 2 : Invest in a fixed deposit in Bant Duta that offers a returns of 4.5% compounded monthly As an investment consultant, use the future value to advise Ramona which option she should choose (7 marka)