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Posted: **Wed Jul 06, 2022 6:12 am**

: Question 1 10 Marks A 90 Day 8 Interest Bearing Note For Rm3000 Dated 2 September 2020 Is Discounted On 14 November 1 (16.48 KiB) Viewed 12 times

: Question 1 10 Marks A 90 Day 8 Interest Bearing Note For Rm3000 Dated 2 September 2020 Is Discounted On 14 November 2 (16.48 KiB) Viewed 12 times

QUESTION 1 (10 MARKS) A 90-day, 8% interest bearing note for RM3000 dated 2 September 2020 is discounted on 14 November 2020 at 5%. Calculate the: a) maturity value of the note. b) bank discount c) proceeds (3 marks) (3 marks) (4 marks)