Question: Please answer manually and step by step. ASAP Question 1 On February 4, Mona borrowed RM5000 at a simple interest rate of 11%. He paid

Please answer manually and step by step. ASAP

Question 1 On February 4, Mona borrowed RM5000 at a simple interest rate of 11%. He paid RM1000 on April 21 ,RM 700 on May 12, and RM 800 on June 11. Calculate the balance due on August 15 using the a) Declining balance method? (10 marks) b) Merchant Rule

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