QUESTION NO:1 a. Harold bought a car for $40,000. He took a $20,000 loan from a bank at an interest rate of 12.5% per year for a 3-year period. What is the total amount that he would have to pay the bank at the end of 5 years? (05 Marks) b. Find out the present worth of AED 18,000 due in 2 years at 10% interest per year. (03 Marks) c. Find the compound interest on AED. 4000 at 7% for 3 years, compounded annually (03 Marks) d. Find out the CI on Rs 1000 at the rate of 8% p.a for one and a half years when interest is compounded half yearly. (03 Marks) e. Find the difference between the CI and SI on a sum of $50,000 at 10% p.a for 2 years