EXERCISE MARKING SCHEME CHAPTER 3

Mind Test 3.1b  1 Date : 06.03.2021  1

Question 1 Question 2 Question 3

P= RM 500, R= 4%=0.04, P= RM 1000, R= 5%=0.05, P= RM 100, R= 3%=0.03,

n= 4, t= 5 n= 2, t= 3 n= 12, t= 2

MV = P(1+ )nt MV = P(1+ )nt MV = P(1+ )nt

. . .
= 500(1+ )4x5 1 = 1000(1+ )2x3 1 = 100(1+ )12x2 1
= 500(1+0.01)20 = 1000(1+0.025)6 = 100(1+0.0025)24
= 500(1.01)20 1 = 1000(1.025)6 1 = 100(1.0025)24 1
= 500 x 1.22019 1 = 1000 x 1.15969 1 = 100 x 1.06176 1
= RM 610.10 1 = RM 1159.69 1 = RM 106.18 1

Title of exercise 1 mark

Date of exercise 1 mark
Total = 14 marks