1. In a Technopreneurship competition held by Universiti Teknologi PETRONAS (UTP) during the Movement Control Order (MCO) period in year 2020, Syazana and her team managed to win a grand prize award of RM 11,500. After discussion with her team, they decided to put their money in separate accounts namely Maybank fixed deposit, Takaful Malaysia trust fund and Amanah Saham Nasional. a. The Maybank fixed deposit rate is 930% per annum, while Takaful Malaysia trust fund and Amanah Saham Nasional rate are 920% per annum and 800% per annum, respectively. The team also have decided to put RM 2400 inside the Maybank fixed deposit. Based on the information given, use any of the accounts to invest RM 11,500 with the chosen expected profit within RM 97,000 to RM 100,000. All mathematical expressions used must be shown clearly.
1. In a Technopreneurship competition held by Universiti Teknologi PETRONAS (UTP) during the Movement Control Order (MCO) period in year 2020, Syazana and her team managed to win a grand prize award of RM 11,500. After discussion with her team, they decided to put their money in separate accounts namely Maybank fixed deposit, Takaful Malaysia trust fund and Amanah Saham Nasional. a. The Maybank fixed deposit rate is 930% per annum, while Takaful Malaysia trust fund and Amanah Saham Nasional rate are 920% per annum and 800% per annum, respectively. The team also have decided to put RM 2400 inside the Maybank fixed deposit. Based on the information given, use any of the accounts to invest RM 11,500 with the chosen expected profit within RM 97,000 to RM 100,000. All mathematical expressions used must be shown clearly.
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
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Transcribed Image Text:1.
In a Technopreneurship competition held by Universiti Teknologi PETRONAS
(UTP) during the Movement Control Order (MCO) period in year 2020,
Syazana and her team managed to win a grand prize award of RM 11,500.
After discussion with her team, they decided to put their money in separate
accounts namely Maybank fixed deposit, Takaful Malaysia trust fund and
Amanah Saham Nasional.
а.
The Maybank fixed deposit rate is 930% per annum, while Takaful
Malaysia trust fund and Amanah Saham Nasional rate are 920% per
annum and 800% per annum, respectively. The team also have decided
to put RM 2400 inside the Maybank fixed deposit. Based on the
information given, use any of the accounts to invest RM 11,500 with the
chosen expected profit within RM 97,000 to RM 100,000. All
mathematical expressions used must be shown clearly.
Transcribed Image Text:b.
Given that the Maybank fixed deposit pays B% per annum, the Takaful
Malaysia trust fund pays C% per annum and the Amanah Saham
Nasional pays D% per annum where B,C and D can assume any integer
value between 850 to 855. The maximum amount the team can invest
in Maybank fixed deposit, the Takaful Malaysia trust fund and the
Amanah Saham Nasional are RM 4,400, RM 5,000 and RM 8,800
respectively. By choosing any value for B,C and D, provide your plan to
invest RM 11,500 using any of the accounts to receive a maximum
amount of total profit after one year. Show that the plan you have
suggested will receive the maximum amount of profit.
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