Value of Gold Margin of Advance Rental Per Month
RM 100	78 %	RM 0.56
RM 100	89 %	RM 0.66
RM 100	97 %	RM 0.77

1. One of Noor Associate customers Puan Rahimah is a petty trader at a wet market in Kota Bharu. She is attracted to the product. Every morning she goes to the bank for financing under the Al Rahn scheme for five months. If the Gold value that she has in possession amounted to RM 7,800 and the advance rental given is 89 %.

Compute the following

1. Fees
2. Total redemption that she has to pay at the end of five months (4 marks)
3. If the financing is based on conventional interest rate of 15 % p.a (4 marks) calculate the interest rate that the customer has to pay (4marks)