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To ensure the survival of Bumiputera entrepreneurs in facing difficulties arising from the COVID-19 pandemic, the government has allocated RM300 million in the form of

  1. To ensure the survival of Bumiputera entrepreneurs in facing difficulties arising from the COVID-19 pandemic, the government has allocated RM300 million in the form of working capital loans under the Skim Pembiayaan Mudah Jaya (SPiM) by Majlis Amanah Rakyat (MARA), with a maximum loan limit of RM1 million with an interest rate of 3.5% per annum.

(Source: The Edge Markets)

Based on the following statement answer question below:

  1. Azhari is a pilot at Malaysian Airlines. He has been working since 2010. He knows saving money is important because it helps protect him in the event of a financial emergency. Therefore, since working, he saves RM15,000 for the first five year, RM20,000 at the end of 6 years and RM30,000 per year for year 7 and 8 into Amanah Saham MySejahtera. If Amanah Saham MySejahtera announces 14% dividend, how much money he has in year 9 assuming he never withdraw his money since 2010.

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