Iqram wants to place a fixed deposit for 3 months (January-March 2022) at KBC Bank. Upon maturity, Iqram anticipated that the amount of the deposit will be RM65,000.

If the current interest rate is 3.5% p.a, how much amount should Iqram deposit today?

Answer rating: 100% (QA)

The formula for calculating the maturity value of a deposit using simple i... View the full answer