Tutorial6.pdf

UNIVERSITI PUTRA MALAYSIA

FAKULTI SAINS


MTH 3004 PENGENALAN KEPADA MATEMATIK EKONOMI DAN PERNIAGAAN
Tutorial 6
1
1. Find the simple interest and the future value of RM1000 at 54 % for 2 years.

2. At what rate of simple interest will RM2000 amount to RM2110 in one year?

3. How long will it take any sum of money to double itself at 5% simple interest?

4. Find the interest on RM1460 for 72 days at 10 % interest using
(a) The exact method
(b) The ordinary method (Banker’s rule)

5. Amy received a 60-day loan of RM1000 from a bank. The proceeds were RM940. What
is the discount rate?

6. A borrower signs a note promising to pay a bank RM5000 ten months from now.
(a) How much will the borrower receive if the discount rate is %?
(b) How much would the borrower have to repay in order to receive RM5000 now?

7. Find the effective rate re equivalent to a nominal rate r of % compounded quarterly.

8. Ahmad has received a RM30000 loan from a wealthy aunt in order to finance his 4-year
college program. The terms are that the he must repay his aunt in full at the end of 8
years with simple puted at a rate of 4 percent per year. Determine the
interest which must be paid on the 8-year loan.

9. Ms. Shakila has purchased RM150000 worth of corporate bonds. The bonds expire in
20 years, and simple interest put