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APznzaa SJM QB Igl HMP2 RB K0 B7 Te X6 Gs QFNXso X0 JIbq 03 PJQV 392 Ly FD R1 VFKR S

Past year mat112

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14 views4 pages

APznzaa SJM QB Igl HMP2 RB K0 B7 Te X6 Gs QFNXso X0 JIbq 03 PJQV 392 Ly FD R1 VFKR S

Past year mat112

Uploaded by

2024539205
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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COMPOUND INTEREST

JUNE 2019
PART A: QUESTION 3
Jarjit invested RM 40,000 in a fund that pay interest at 5.5% compounded quarterly t years ago.
Find t if the amount of the investment today is RM 64,555.53
(5 marks)

PART B: QUESTION 2 (b)


Alana deposited RM X into a saving account for 7 years. The interest rate is 3.75% compounded
every two months for the first 2.5 years and 4.15% compounded quarterly for the rest of the period.
If the accumulated amount in the saving account at the end of 7 years is RM 5,949.60, find the
value of X.
(8 marks)

13
DECEMBER 2018
PART A: QUESTION 3
Marissa took a loan of RM Y from Bank Perpaduan at an interest rate of 6.5% compounded every
two months. After 8 years, the amount to be paid is RM 8,386.65. Find Y.
(5 marks)

PART B: QUESTION 2 (b)


Three years ago, an amount of RM 3,000 was deposited in a savings account that paid interest
at 4.5% compounded quarterly. Today, another RM 1,500 is deposited into the account. Find the
accumulated amount at the end of eight years from the initial deposit.
(8 marks)

14
JUNE 2018
PART A: QUESTION 3
RM 23,500 was invested in a bank for 3 years and 7 months. If the interest rate offered was 9.6%
compounded every two months, find the accumulated amount at the end of the investment period.
(5 marks)

PART B: QUESTION 2 (b)


RM 10,000 was invested by Sarah for 7 years. The interest rate offered was 6% compounded
monthly. After 3 years, Sarah invested another RM 5,000. Find the accumulated amount of her
investment after 7 years.
(8 marks)

15
JANUARY 2018
PART A: QUESTION 3
David deposited RM 5,128.83 in a saving account at 8% compounded semiannually. After X years
the amount is RM 6,000. Find X.
(5 marks)

PART B: QUESTION 2 (b)


Keisha had a fund of RM 30,000 and plans to invest her money in two different schemes. She
invested 60% of her money in Scheme A that pays 7% compounded semiannually. The balance
was invested in Scheme B that pays k% compounded quarterly. After 8 years, the accumulated
amount for both of her investment was RM 60,000. Find k.
(8 marks)

16

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