= CONFIDENTIAL

PART B
3 CS/MAY2021/MAT112

QUESTION 1

Hannah Delisha got a loan of RM25,000 to buy a used car. The simple interest rate is 4.5% per
annum and she paid RM4,500 for interest.

a) How many years did it take her to pay off her loan? 4 years

>
(3 marks)
b) What is the total amount paid by Hannah Delisha? RM29,500

&
(2 marks)

QUESTION 2

On 15th January 2021, Iman invests RM8,000 in an investment fund. His investment will be worth
RM8,230 on 1st May 2021. Find the interest rate offered using exact time with exact simple
interest. r 9.9%.
=

⑭
(5 marks)

QUESTION 3

Budi Kalsom was holding a 105-day, non-interest-bearing note for RM2,500. The note was dated
20th February 2021. After she keeps the note for 75 days, she sells the note to a bank at a
discount rate of 10%. Find:

a) the discount date of the note 6 "may 2021

⑭
(3 marks)
b) the proceeds received. RM2,479.17
(2 marks)

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-
CONFIDENTIAL
#CONFIDENTIAL 4 CS/MAY2021/MAT112

QUESTION 4

Shakila borrowed a sum of money for 180 days from a bank that discounted the loan at 8.5%. If
the discount was RM240, find the amount borrowed and the proceeds obtained.
S= RM5, 647,06 H=RM5,407,06

n
(5 marks)

QUESTION 5

RM8,800 is invested at 5.2% compounded semiannually for two and a half years. Find the amount
OS
of the interest. RM 1,205.

*
(5 marks)

QUESTION 6

A sum of money, RM X was deposited in a savings account with an interest rate 4.1%
compounded monthly. After two years, RM2,500 was withdrawn. Five years after the withdrawal,
the balance was RM17,200. Find the value of X.

·
x
=
RM 15,21862
(5 marks)

END OF QUESTION PAPER

© Hak Cipta Universiti Teknologi MARA CONFIDENTIAL