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RomZar Sdn Bhd takes a simple interest, 180-day note from a SoonWay Supplier with a face value RM 17,500, at a rate 9.5%. Due to emergency, SoonWay Supplier need an urgent cash to settle their debt and sell the promissory notes 100 days late at the discount rate of 11%. Find the bank profit and proceeds. Rossa invested RM 3,600 in a mutual fund containing bonds. Find the interest rate if she earned RM 237.50 in interest in 250 days.

RomZar Sdn Bhd takes a simple interest, 180-day note from a SoonWay Supplier with a face value RM 17,500, at a rate 9.5%. Due to emergency, SoonWay Supplier need an urgent cash to settle their debt and sell the promissory notes 100 days late at the discount rate of 11%. Find the bank profit and proceeds. Rossa invested RM 3,600 in a mutual fund containing bonds. Find the interest rate if she earned RM 237.50 in interest in 250 days.

Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
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QUESTION 5 a. RomZar Sdn Bhd takes a simple interest, 180-day note from a SoonWay Supplier with a face value RM 17,500, at a rate 9.5%. Due to emergency, SoonWay Supplier need an urgent cash to settle their debt and sell the promissory notes 100 days late at the discount rate of 11%. Find the bank profit and proceeds. b. Rossa invested RM 3,600 in a mutual fund containing bonds. Find the interest rate if she earned RM 237.50 in interest in 250 days.
Transcribed Image Text:QUESTION 5 a. RomZar Sdn Bhd takes a simple interest, 180-day note from a SoonWay Supplier with a face value RM 17,500, at a rate 9.5%. Due to emergency, SoonWay Supplier need an urgent cash to settle their debt and sell the promissory notes 100 days late at the discount rate of 11%. Find the bank profit and proceeds. b. Rossa invested RM 3,600 in a mutual fund containing bonds. Find the interest rate if she earned RM 237.50 in interest in 250 days.
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