neat n clean answerSolve both please please please Lina saved RM4000 in a bank that offered simple interest at 10% per annum. After 3 years,she withdrew a sum of RM y from her account. Immediately after her withdrawal, she had abalance of RM5000 in her account. Find value of y.1.2. Zaim bought a low-cost terrace house for RM35,000. He paid a 10% down payment and thebalance was borrowed from bank that charged interest at the rate of 8.5% compoundedmonthly. This loan will be repaid in monthly installment for 10 years. Find (a) the monthlypayment and (b) the total interest he needs to pay.

Since you have posted multiple questions as per the guidelines we can solve only 1 question

Lina saved RM4000 in a bank that offered simple interest at 10% per annum. After 3 years, she withdrew a sum of RM y from her account. Immediately after her withdrawal, she had a balance of RM5000 in her account. Find value of y. 1.

Lina saved RM4000 in a bank that offered simple interest at 10% per annum. After 3 years, she withdrew a sum of RM y from her account. Immediately after her withdrawal, she had a balance of RM5000 in her account. Find value of y. 1.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Concept explainers

Comparative Advantage and Absolute Advantage Analysis

The theory of absolute advantage was given by Adam Smith in the year 1776.

Question

neat n clean answer

Solve both please please please

Lina saved RM4000 in a bank that offered simple interest at 10% per annum. After 3 years,
she withdrew a sum of RM y from her account. Immediately after her withdrawal, she had a
balance of RM5000 in her account. Find value of y.
1.
2. Zaim bought a low-cost terrace house for RM35,000. He paid a 10% down payment and the
balance was borrowed from bank that charged interest at the rate of 8.5% compounded
monthly. This loan will be repaid in monthly installment for 10 years. Find (a) the monthly
payment and (b) the total interest he needs to pay.

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