question 2

On 15 March 2016, Faridah opened an account in a bank by depositing RM 4,000. The account offered a simple interest rate of 5.5% per annum. A year later, the bank changes the interest rate to x% compounded semi-annually. The accumulated amount in her account at the end of three year after her first deposit is RM5000, determine the nominal rate of X offered by the bank a year after her deposit. Determine the ending balance of a saving account on June 30 that had a RM 10,000 balance on April 15 and was compounded daily at 5%. During the quarter, the following transaction occurred: May 2- RM 2000 was withdrawn June 5 RM3,000 was deposited. (Using the Banker's Rule if applicable)