Ragneb invested money in an account for $9$ months at $9\mathrm{.}5\%$ interest. If he recelved RM$395\mathrm{.}50$

interest on his investment during this time, find the amount that he invested.

$(3$ Marks$)$

Raatib needs RM$38,000$ to repair his garage. Find the face value of a simple interest note that

will provide the RM$38,000$ in proceeds if he plans to repay the note in $240$ days and the bank

charges a $10\mathrm{.}5\%$ discount rate.

$(3$ Marks$)$

Raees signed a simple discount note for RM$9,450$ for $120$ days at a rate of $7\mathrm{.}5\%.$ Find the

effective interest rate based on the proceeds received by Raees.

$(3$ Marks$)$

Rajeel deposited RM$27,200$ in a savings account on January $1$ and then deposited an

additional RM$5,115$ in the account on February $10.$ Find the balance on April $1$ assuming an

interest rate of $3\frac{1}{2}\%$ compounded daily.

$(3$ Marks$)$

Rakhshan accepted a $3-$year note for RM$9,125$ instead of immediate payment for laser

printers sold to a local firm. Find the present value of the note at $6\%$ per year compounded

semiannually.

$(3$ Marks$)$

At the end of each year, Mohd Yassin will deposit RM$22,900$ into his retirement account. Find

the amount he will have accumulated in $30$ years if funds earn $6\%$ per year.

$(3$ Marks$)$

Kliqxe an ICT company signed a note with a payment of RM$19,575$ per quarter for $3$ years.

Find the amount they must set aside today to satisfy this capital requirement in an account

earning $10\%$ compounded quarterly.

$(3$ Marks$)$