Form 3 - 3.1 SIMPLE & COMPOUND INTEREST

1) Calculate the simple interest of RM 1210 borrowed at 4.9% interest per annum for 1 year.

• RM 55.66

• RM 59.29

• RM 556.60

• RM 592.90

2) If Mrs. Heng saved RM 25 000 in the bank at 4.2% interest per annum for 2 years, calculate the simple interest earned by her after two years.

• RM 105

• RM 210

• RM 1 050

• RM 2 100

3) Calculate the amount in the account if RM 5 115 is saved for 1 year with compound interest of 3.8 % compounded every half a year.

• RM 5 305.37

• RM 5 307.22

• RM 5 309.37

• RM 5 311.22

4) Calculate the amount in the account if RM 19 000 is saved for 2 years with compound interest of 3.5% compounded every 3 months.

• RM 19 672.79

• RM 19 673.78

• RM 20 369.40

• RM 20 371.45

5) Calculate the loan repayment amount for RM 10 500 borrowed for 1 and a half years at a 4% interest rate per annum.

• RM 18 060

• RM 11 130

• RM 7 560

• RM 630