# 1
A promissory note for RM8,400 with interest at 6% per annum that was due in 90
days. The note was dated on 23 May 2018. Determine the maturity value. (Use Banker's Rule)
RM8526
RM 8526
petunjuk
S=P(1+rt)
Chapter 6 & 7
D
Gaya Bebas
Universiti
Matematik
Chapter 6 & 7
33
Universiti
Matematik
Chapter 6 & 7
33
15 soalan
Allow incorrect answer
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# 2
A promissory note for RM500 with interest at 10% per annum that was due in 120
days. The note was dated on 10 Jun 2017. Determine the maturity date and the maturity value. (use Banker’s rule)
10 October 2017, RM 516.67 or RM 516.65
8 October 2017, RM 516.67 or RM 516.65
8 October 2017, RM 516.66 or RM 516.64
petunjuk
S=P(1+rt)
# 3
A promissory note with a maturity value of RM900 and interest at 10% per annum
due in 50 days. The note was matured on 10 April 2017. Determine the face value. (use Banker’s rule)
RM887.67
RM887.66
RM 887.67
RM 887.66
petunjuk
S=P(1+rt)
# 4
A loan of RM10,000 was charged a simple discount rate of 6%. If the proceeds received
were RM9,800, find the discount. Hence find the discount period in days. (Use Banker's Rule)
120
120 days
120day
120days
petunjuk
P=S(1-dt)
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