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ACC117

The document contains a confidential exam paper with 3 math questions. Question 1 involves simple interest calculations on an investment over 2 months. Question 2 involves compound interest, discount rates, and promissory notes. Question 3 involves compound interest on a loan over multiple years.

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49 views2 pages

ACC117

The document contains a confidential exam paper with 3 math questions. Question 1 involves simple interest calculations on an investment over 2 months. Question 2 involves compound interest, discount rates, and promissory notes. Question 3 involves compound interest on a loan over multiple years.

Uploaded by

2022846282
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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CONFIDENTIAL CS/MAY 2022/MAT112

PART A (15 MARKS)

QUESTION 1

Ahmad invested RM5,000 in an investment scheme on 18th October 2018. The


investment offered a simple interest rate of 5.25% per annum. By using approximate
time and exact simple interest, find the total interest received on 21st December 2018.
RM4 5.31 (5 marks)

QUESTION 2

RM4,500 was borrowed for 40 weeks at a discount rate of 8.75%. Determine the
amount received and the simple interest rate that is equivalent to the given discount
rate. (5 marks)
* mount
received:
RM 4, 197.12
v 9.3811,
=

QUESTION 3

RM P was invested in a bank for 5 years 4 months. If the interest rate offered was
4.5% compounded every two months and the accumulated amount at the end of the
investment period is RM19,369.20, find the value of P and the interest earned.
m 4, 119.20 (5 marks)

PART B (30 MARKS)

QUESTION 1

(a) Hamid had saved an amount of money in an account that offered 3% simple
interest per annum. If the interest earned after 4 years was RM755.50, what is
the accumulated amount if he leaves the money in the account for another
5 years? R m 7,995.70 (5 marks)

(b) On 10th February 2021, Alia saved RM8,500 in a saving account which offered
a simple interest of 12% per annum. At the end of the term, the balance of her
account amounted to RM8,789. Using the Banker’s Rule, find the maturity date.
23 May 2021
(5 marks)

QUESTION 2

Afiq received a 150-day promissory note on 5th February 2022 with an interest rate of
4% per annum. After 60 days, he discounted the note at a discount rate of 2% and the
proceeds he received was RM19,220.09. Find:

(a) the maturity date OS /07/2022 (2 marks)

(b) the maturity value RM 19.3 16.67 (3 marks)

(c) the face value &m 19,000 (3 marks)

(d) the amount of interest received by Afiq. R M 220.09 (2 marks)

2
CONFIDENTIAL CS/MAY 2022/MAT112

QUESTION 3

RM10,000 have been borrowed from a bank at 6% interest rate compounded quarterly
t years ago. If the amount that should be paid today is RM17,091.40:

(a) find the value of t. 9 years (5 marks)

(b) If the payment today is delayed for another 2 more years, what is the amount
of the payment and the total interest charged? RM9, 253.34 (5 marks)

END OF QUESTION PAPER

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