(a) Linda deposits RM 2,600 in an account when she was 15 years old. The simple interest rate offered is 4.3 % per annum. Find the simple interest earned when she is 21 years old. (b) RM 600 is invested on 5 May 2021 at a simple rate of r % per annum. The amount on 4 June 2021 using Banker's rule is RM 604.50. Find the interest rate.
(a) Linda deposits RM 2,600 in an account when she was 15 years old. The simple interest rate offered is 4.3 % per annum. Find the simple interest earned when she is 21 years old. (b) RM 600 is invested on 5 May 2021 at a simple rate of r % per annum. The amount on 4 June 2021 using Banker's rule is RM 604.50. Find the interest rate.
Chapter6: Exponential And Logarithmic Functions
Section6.1: Exponential Functions
Problem 68SE: An investment account with an annual interest rateof 7 was opened with an initial deposit of 4,000...
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