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What is Banker's Rule?

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Exact time & ordinary simple interest

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Exact time from 27 Oct 2020 to 12 Dec 2020.

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46 days

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Formula for maturity value of an investment given P (principal), r (interest rate per annum), t (investment period).

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Front

Ali saved RM1,000 on 1 Feb 2020 with a 5.5% simple interest rate for 45 days. Find the maturity date of the investment (Banker's Rule).

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17 March 2020

Front

Ali saved RM1,000 on 1 Feb 2020 with a 5.5% simple interest rate for 45 days. Find the investment period, t in year (Banker's Rule).

Back

Front

Ali saved RM1,000 on 1 Feb 2020 with a 5.5% simple interest rate for 45 days. Calculate the interest earned (Exact time and ordinary simple interest).

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RM6.88

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Ali saved RM1,000 on 1 Feb 2020 which is offered 5.5% simple interest rate for 45 days. Find the interest earned from the investment (Exact time & exact simple interest).

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RM6.76

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Amil deposited RM1400 which offered 5% simple interest rate per annum for 5 years 9 months. State the period in years.

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5.75

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Maturity date: 24 June 2020. Find the start date if the saving period is 60 days.

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25 April 2020