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(Solved): Kamal saved RM5000 in a saving account which pays 12% compounded monthly. Eight months later he save ...



  1. Kamal saved RM5000 in a saving account which pays 12% compounded monthly. Eight months later he saved another RM4000. Find the amount in the account 2 years after his first saving.
  2. Mariana needed some money to start up her bakery. She borrowed RM12000 for 30 months and paid back RM14250 at the end of the loan period. What was the interest rate?
  3. On 25 January 2019, Halim deposited RM12450 at 7% interest. Find the amount in his account on 20 July 2019 id exact interest and approximate time was used to calculate interest.


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1) we have given, Kamal saved (P) = RM5000 rate (r) = 12% compounded monthly After 8 month amount deposit ( P1)= RM4000 Compounding period in 2years (
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