I = P*r*t = 124.44.
5000*(0.08/360)*T = 124.44,
T = 112 days
10, 31, 30, 31, 10. = 112 days.
Date: 1-10 - 16.
Ammar borrows RM5,000 at 8% simple interest per annum on 20 September 2015. if she charged RM124.44 simple interest, find the date she settles the loan. (Use the Banker's Rule).
3 answers
RM1,999 is invested for a certain period. The simple interest earned is RM999.50. Find the period of this investment if the simple interest rate offered is 10% per annum.
a.
3 years
b.
4 years
c.
1 year
d.
5 years
e.
2 years
f.
no answer
a.
3 years
b.
4 years
c.
1 year
d.
5 years
e.
2 years
f.
no answer
Find the number of days using Bankers Rule if RM100000 was invested at 6.5% simple interest rate and received amount RM100361.
a.
10 days
b.
20 days
c.
no answer
d.
1 week
e.
25 days
f.
30 days
Clear my choice
a.
10 days
b.
20 days
c.
no answer
d.
1 week
e.
25 days
f.
30 days
Clear my choice