TUTORIAL QUESTION CHAPTER 2 (SIMPLE INTEREST)

1. En. Hazman invested RM1040 into an account when he was 21 years old. The simple
interest rate was 9%. Find the amount of the account if he is 30 years old now
(ans: RM 1882.40)

2. Four years ago, Ah Chong deposited RM 6800 in an account that gave 4.55% simple interest
per annum. Find:
i) The total interest earned (ans: 1237.60)
ii) The accumulated amount today (ans: 8037)

3. On 4 may, RM 5000 was saved at 8% per annum simple interest. Find the interest earned on
15 July of the same year, using:
i) Exact interest with exact time (ans: 7890)
ii) Exact interest with approximate time (ans: 7781)
iii) Approximate interest with approximate time (ans: 7889)

4. A loan for 36 days was repaid by a sum of RM 7368.95. If the loan was charged a simple
interest rate of 6% per annum, find the original loan amount. ( ans: 7325)

5. On july 2019, ah wong borrowed rm900 and agreed to repay the loan in 100 days at 10%
annually. Find the simple interest amount of the loan and the settlement date of the loan
using bankers rule; ( ans: 925, 13 oct 2019)