4. (a) Find the simple interest earned 6 years when RM1,000 is invested at a rate of 10% per annum. What is the total amount at the end of 6 years? (b) How long an investment of RM5,000 will yield a simple interest of RM250 at 8% per annum?

Intermediate Algebra
19th Edition
ISBN:9780998625720
Author:Lynn Marecek
Publisher:Lynn Marecek
Chapter12: Sequences, Series And Binomial Theorem
Section12.3: Geometric Sequences And Series
Problem 12.59TI: New grandparents decide to invest 3200 per month in an annuity for their grandson, The account will...
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4.
(a) Find the simple interest earned in 6 years when RM1,000 is invested at a rate of 10%
per annum. What is the total amount at the end of 6 years?
(b) How long an investment of RM5,000 will yield a simple interest of RM250 at 8% per
annum?
(c) A man inherited RM6,000 which he deposited in a bank on January 1st 2000. Interest
on the amount in a bank was added at the end of each year at 6.5%. The man withdrew
RM500 on January 1st 2001,2002 and 2003 but made no additional deposits. How
much he had to his credit on January 1st 2005 when the interest for 2004 had been
added?
Transcribed Image Text:4. (a) Find the simple interest earned in 6 years when RM1,000 is invested at a rate of 10% per annum. What is the total amount at the end of 6 years? (b) How long an investment of RM5,000 will yield a simple interest of RM250 at 8% per annum? (c) A man inherited RM6,000 which he deposited in a bank on January 1st 2000. Interest on the amount in a bank was added at the end of each year at 6.5%. The man withdrew RM500 on January 1st 2001,2002 and 2003 but made no additional deposits. How much he had to his credit on January 1st 2005 when the interest for 2004 had been added?
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