RM1000 was invested on 15 March 2020. If the simple interest rate offered was 10% per annum. Find the interest received on 29 August using bankers rule.

BUSINESS MATHEMATICS

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

RM1000 was invested on 15 March 2020. If the simple interest rate offered was 10% per annum. Find the interest received on 29 August using banker’s rule.

A	RM45.75
B	RM44.93
C	RM46.39
D	RM45.56

Explanation:

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