1. |
Mr. Tan is going to Penang, Malaysia and wants to change S$400 into Malaysian ringgit. |
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Based on the exchange rates quoted in Table below, find the amount he will receive in |
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Ringgit. |
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2. | James exchanged €2000 one week before his trip to France when the exchange rate |
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between the Euro and the Singapore dollar was €1.00 to S$2.00. |
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(a) Find the amount, in Singapore dollars, that James used to exchange for the Euro. |
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(b) The exchange rate between the Euro and the Singapore dollars two weeks before |
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James' trip to France was €1.00 to S$1.95. If James had exchanged the Euro back then, |
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how much could he have saved? |
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3. | Find the simple interest in each of the following cases. |
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(a) $1500 for 4 years at 2.5% per annum. |
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(b) $6000 for 5 years at 5% p.a. |
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(c) $2000 for 5 months at 3% p.a. |
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4. | Find the principal that will earn a simple interest of |
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(a) $120 at 4% p.a. in 3 years, |
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(b) $1500 at 3% p.a. in 2 years, |
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(c) $315 at 3% p.a. in 7 months. |
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5. | Find the interest rate per annum if |
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(a) $12000 earns a simple interest of $360 in 2 years, |
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(b) $1500 earns a simple interest of $150 in 5 years, |
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(c) $4500 earns a simple interest of $101.25 in 9 months. |
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