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Question $2$

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Mr$.$ Ahmad plans to invest RM$12,000$ in his good friend's company. His good friend Mrs$.$ Farah promises a return of $4\%$ every year which depends on the original value of Mr$.\text{'}$s Ahmad investment.

i$)$ What is the total investment return received after $5$ years?

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ii$)$ How long did Mr$.$ Ahmad has to wait if he wants to get an investment return equal to the original value of his investment?

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iii$)$ If Mr$.$ Ahmad needs accumulated money of RM$13,980$ through his investment after $3$ years, calculate the simple rate of return that can meet the requirement.

Answer:

$(3$ marks$)$