Question: Q1- Find the total amount due (Future Value) on a loan if the principal is SAR3000 with a simple interest rate of 10% per annum

Q1- Find the total amount due (Future Value) on a loan if the principal is SAR3000 with a simple interest rate of 10% per annum for 5 years. Assume loan is repaid at the end of the 5th year.

Q2- Khalid has SAR 2,280 in his savings account. If the bank pays 6 % interest compounded semi-annually on savings, how much he will have in his saving account in 5 years?

Q3- Find the Present Value of SAR 6,486 received after 3 years, discounted at 5 percent, is

Q4- Abdullah has SAR6000 in his savings account. If the bank pays 5% simple interest on savings, how much simple interest (SI) does he earn in one year?

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