TUTORIAL 3 : COMPOUND INTEREST

1. JULY 2020 [ X  RM 2000.00 b) S  RM 7,883.99 ]

QUESTION 3

Two years ago, Sugu had saved RM5000 in an account that pays 6% interest compounded
every two months. Today she intends to withdraw RM X from her savings. If the amount in
the account 3 years after withdrawal was RM 4346.95, find the value of X.

(5 marks)

b) Peter invested RM8,000 into an account that pays 4.2% compounded quarterly. He
intended to keep the account untouched for seven years. However after four years, he
had to withdraw RM2,500. Find the amount left in the account seven years from the
time he made his investment.

(8 marks)

2. DEC 2019 [ P  RM6,600 b)S  RM11,068.96 ]

3. JUNE 2019 [ t  8.76 years, b) X  RM4500 ]

Compound Interest/AAR/UiTM Tapah 1

 TUTORIAL 3 : COMPOUND INTEREST
4. DEC 2018 [ Y  RM5000,b)S  RM6167.50 ]

5. JAN 2018 [ X=2 years, b) k  11.09% ]

6. JULY 2017 [ Y  RM 5245.28 ]

7. MAC 2017 [I = RM1310.64, b) S = RM35336.95]

Compound Interest/AAR/UiTM Tapah 2

 TUTORIAL 3 : COMPOUND INTEREST

8. OCT 2016 [X=RM25655.00]

9. MAC 2016 [ Y=RM30000 ]

10. DEC 2015 [ S  RM1416.93 ]

11. JUNE 2015 [ r  3.6% ]

Compound Interest/AAR/UiTM Tapah 3

 TUTORIAL 3 : COMPOUND INTEREST
12. MAC 2015 [ i ) k  6% , S  RM 4972.49 ]

Compound Interest/AAR/UiTM Tapah 4