Find the number of days using Bankers Rule if RM10000 was invested at 3.5% simple interest rate and received RM10100.14 at the end of investment.

Answer 1

P = Po + Po*r*T = 10,100.14.
10,000+10,000*(0.035/360)T = 10,100.14
0.972T = 10,100.14-10,000
T = ___ days.

Answer 2

Find the amount received using Bankers Rule if RM10000 was invested at 3.5% simple interest rate for 150 days.