6 SIMPLE INTEREST al 7 of TUTORIAL 6 Ariel made a loan of RM 4 360 from a bank that charges a simple interest rate of 3.5% per year for 3 years 6 months. Find the maturity value of the loan. q Maria deposits RM 3 500 in a bank that offers 5% simple interest. Find the amount after 4 years 3 months. Encik Rosli saved RM 3.200 at 6% simple interest. Five months later, he decideg withdraw the amount of interest earned to help pay for a new camera. How much did he withdraw? A college student deposited RM 1 500 in an account when he was 18 years old. The simple interest rate offered was 4.85%, Calculate the simple interest earned when the college student is 25 years old. Daniella makes a deposit of RM 7 060 into a savings account at Royal Bank. The bank offers a simple interest rate of 4.3% per annum. Calculate a) _ the accumulated amount after 36 months. b) the amount of interest that she will earn, If RM 8 300 is deposited in a savings account that pays a simple interest rate of 3.21% per annum, calculate a) the amount of interest eamed after 24 months. b) the amount in the account 24 months after the deposit was made . Ahmad decided to invest RM 5 000 when his daughter is born. His intention is to make sure that his daughter will have enough fund when she furthers her study at the age of 18. He has chosen to invest in Bank ABC that offers a simple interest rate of 7% per annum for the first 5 years and simple interest rate of 8.5% per annum for the rest of the period. Calculate the amount in the account when his daughter reaches the age of 18 years old. Remy made a loan of RM 2000 at TRY BANK with 7.5% simple interest for 3 years. After 2 years, he borrows another RM 1 000 from the bank. a) Calculate the amount of interest charged for the first 2 years after he made the loan. b) — Calcutate the amount of interest for the next 1 year after he made an additional loan. c) Find the total amount that he has to pay after 3 years. ~~ ocarned wittt Garnsca& UTORIAL 7 TUTORIALS 7 i ‘% per annum, le interest of r% p 7 i Kk that pays a sIMP RM 1 543.75. rene ae athe, Ihe amount accumulated to le ent Find the value of r. ir r% per annum. RM 40 000 is invested for two years al a Sera a "e Aa a The accumulated amount at the end of two y« Find the simple interest rate. rs. Mr. Chong invests RM 5 000 in an investment fund for two yeat is i is M 7 245, At the end of the investment period, his investment is worth RI Find the simple interest rate that is offered. I jr 9 Jimmy invested RM 15 000 ina bank that offered a simple interest of r% per annum, At the end of seven years and four months, the amount had accumulated to RM 20 500. Find a) the value of r. b) the amount of interest earned. Suriani invested RM 8 000 in TD Fund that offers simple interest of 4.5% t years ago. Today, the investment per annum it has amounted to RM 10 520. Find the value of t. A finance company charg ed a loan of RM 3.000 at a simple interest of 12% er year. Ifthe interest paid was RM 972 , how long was the tern of the loan? Hafizah invested RM X i iN an account at the The interest earned at th e rate of 4.259 e end of 5 years a % simple interest. nd 6 months was RM 935, a) Find the value of x, b) Calculate the accumulated amount at the end of the inv estment period. Zafran invested RM X in an a }ecount that Alter 5 years and 8 months, ti Offers 5.55 F 1% sit he investment worth RM a eo, interest rate. RM 5 902.50. a) Find tne value of x, 5) Calculate the interest earned Defina deposited RM 6 200 in her Lette; a efiside Bank a She ween. I she had depositeg that money mat which Pays simple interest ed an interest of RM iat more than is oic® Bank for 2 years, a) Find the simple interest rate given b an in Lefside Bank, b) How long would hy Y Rightside Bank. she need tc * in the account? © invest 'n Rightside Bank to. have RM 7 285 Scanned with CamSca40 BANKER'S RULE, MAT 112 TUTORIAL 10 SAL 10 o i On 20" February 2016, Basti took a personal loan of RM 6 000 froma bank that charged a simple interest rate of 8%. Fit i ara Rae %. Find the amount paid on 15" June 2016 using 2. On 27" June 2018, Arianna deposited RM 3000 ina savi t simple interest rate of 3.5% per annum. Find the erste Th seonant or fered 2 40” October 2018 using Banker’s Rule. ” Aubameyang invested RM 9 180 in an investment scheme on 22° F i br 0 The investment offered a simple interest rate of 8% per annum. aac Find the amount in his account on 21" June 2019 using Banker's Rule. 4, lyman invested an amount of RM 10.000 on 20" of April 2014 at 5.5% per annum simple interest. Find a) the exact time from 20" of April 2014 to 2" of July 2014. b) the maturity value by using Banker's Rule. CG: loan was given out on 15" of February 2015 at 6% simple interest. itwas settled on 7* of June 2015 with a payment of RM 9 473.60. Find a) the exact time from 15" of February 2015 to 7” of June 2015 b) the loan amount using Banker's Rule. 6. Rokiah saved RM 8 000 ina bank on 6" March 2018 in a bank that o'fered a simple interest of 6.5% per annum. Her savings matured on 14" June 2018. Find a) the exact time from 6" March to 14" June 2018. b) the accumulated amount in her account using Banker's Rule. 7. Hamidah invested RM 4 800 ina public fund on 43" March 2017 that earned a profit ata rate of 5.6% simple interest per annum. 175 days after the investment date, the amount in her fund account had accumulated to a certain amount Using Banker's Rule, find a) the maturity date. b) the accumulated amount. é On the 12" of April 2014, Raju borrowed RM 7 000 from GS Enterprise that charged him 7.5% simple interest rate. If Raju ‘settled the loan by paying RM Y on the 30" of November 2014 , using Banker's Rule, find a) the duration of the loan in days. b) the value of Y. ©) the amount of interest charged. ocanneu with Valnoca11 BANKER'S RULE TUTORIAL 11 Aloan of RM 300 will become RM 333.75 afte ‘oa orn G Ifthe loan is charged a simple interest rate of 7 5% par mpd o time. find the number of days using Banker’s Rule er annum, 2. Raju paid RM 8 200 on 12" September 2011 for his | certain date. The simple interest rate was is foan of RM 8.000 made ona 5% per annum. Usi ker’: determine the term of the loan (in days) and the nse. 'e date of the loan. A Sammy invested RM 8 000 into Amanah Saham Malaysia that offered a simple interest rate of r% per annum on 13 March 2019. The amount of interest received on 10 August 2019 was RM 200. Find the interest rate, r% by using Banker's Rule. 4. Shiela had saved RM 3000 in an account that offered 1% simple interest per annum on 20" March 2015. If the interest on 6" June 2015 was RM 50, find the value of r using Banker’s Rule. Po the 19" of February 2017, Ain borrowed RM 8 500 from ABC Bank which offered a simple interest rate of 12% per annum. At the end of the term, she must pay RM 8 789. Using Banker's Rule, find a) the term of the loan. b) the maturity date of the loan. Lisa saved RM 4 500 ina saving scheme on 27" July 2016 for a specific duration. The scheme offered a simple interest rate of 10% per annum. At the end of the term, Lisa had RM 4 700 in her account. Using the Banker's Rule, find a) the term of the saving scheme (in days). b) the maturity date. ] Rani deposited RM 40 000 in a bank earning interest at the rate of 10% per annum. At the end of the term, she had RM 82 000 in her account. By using Banker's Rule, calculate: a) the total number of days the money was in the account b) the amount of interest she earned. a Kevin invested RM 4 000 in an investment Sereme ‘on 18" October 2016. The imple interest rate of 5% per annum. . By using Sparoimate dene ‘and exact simple interest, find the total interest received on 20" December 2016. ited into an account on 12” July 2020. If the simple interest rate exact time and exact simple interest ocadlineu WIT vamsca™ MAT 11 BANKER’S RULE i it that offereg 1% M5 000 in an account Iqbal deposited R Api 2016 nas a 10, On eReRare aant If the interest earned eee %6, find the value ef t by using exact time and exact i RM 35 000 at X% per annum he 9" of Ja 2016, Maria took a loan of I " Sane heer en her new boutique. She settled the loan on the 15 of May 2016 with a payment of RM 35 910.86. Find @) the term of the loan between the dates given by using exact time. b) the value of x using exact time and exact simple interest. On 30" September 2012, Suraya paid RM 3 100 for her loan certain date. The simple interest rate charged was 10%, Using exact time and exact simple interest, find 2) the term of the loan, of RM 3000 made ons 5) the date of the loan, 13. Gina saved RM 3 000 Find the accumulated a in an account that Offered 3.8% < a ’ simple interest for 240 days. mount using Ordinary simple interest, 14. On 17% June 2020, RM 7 000 was save Per annum. Find the ‘aved in a ba amount of interest e; mx that offered 6.6% a th simple interest h A approximate time and exact simple interest a September oe aed 15. On 23 February 2020, Alisha d it interest rate of 4.5% Pee pe F 5 500 i miaresi Per annum. Find thy inal eae iva geeount that offered a simple June 2020 using the exact time an, exact one inalisha Closed her account Interest, Scanned with CamSca