Question: simple interest and simple discount help i dont understand it 1. Khairil obtains a proceed of RM 4,800 for a loan of RM5,000 from a

simple interest and simple discount help i dont understand it

1. Khairil obtains a proceed of RM 4,800 for a loan of RM5,000 from a bank that charges a simple discount rate of 5% per year. What is the duration of the loan? 2. Find the principal value of RM25,000 for 10 months at a simple interest rate of 8% per year. 3. Suzane borrows RM1,800 from a bank for 6 months. The proceeds he receives is RM1,500. Find the simple discount rate the bank charges

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