you withdraw hibah at the end of each month. Any positive or negative increment in the mont rates shown is based on the basic rate. You open a new wadiah account with a deposit of RM5000 on 28.01.2018. You deposit anoth RM1000 and RM5500 on 13.02.2018 and 30.03.2018 respectively. Again, you deposit anoth RM1550 on 31.05.2018. Then, you deposit another RM8500 on 10.06.2018 but withdraw RM5000 28.06.2018. On 15.12.2018, you withdraw another RM2000 from the account and then withdr again another RM3250 on 28.12.2018. What will be your total hibah on 30.12.2018? Table 1: Monthly rates Month Rate (%) Jan 4.00%* Feb +0.00% March +0.10% April -0.10% May +0.10% June +0.20% July -0.10% Aug +0.20% Sept +0.10% Oct +0.20% Nov -0.10% Dec +0.00% * Basic rate
you withdraw hibah at the end of each month. Any positive or negative increment in the mont rates shown is based on the basic rate. You open a new wadiah account with a deposit of RM5000 on 28.01.2018. You deposit anoth RM1000 and RM5500 on 13.02.2018 and 30.03.2018 respectively. Again, you deposit anoth RM1550 on 31.05.2018. Then, you deposit another RM8500 on 10.06.2018 but withdraw RM5000 28.06.2018. On 15.12.2018, you withdraw another RM2000 from the account and then withdr again another RM3250 on 28.12.2018. What will be your total hibah on 30.12.2018? Table 1: Monthly rates Month Rate (%) Jan 4.00%* Feb +0.00% March +0.10% April -0.10% May +0.10% June +0.20% July -0.10% Aug +0.20% Sept +0.10% Oct +0.20% Nov -0.10% Dec +0.00% * Basic rate
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Transcribed Image Text:1. Answer the following (up to two decimal points) by showing the working calculation. The rates
of the months for 2018 are shown in the table below. There are 28 days in February and assume
you withdraw hibah at the end of each month. Any positive or negative increment in the monthly
rates shown is based on the basic rate.
You open a new wadiah account with a deposit of RM5000 on 28.01.2018. You deposit another
RM1000 and RM5500 on 13.02.2018 and 30.03.2018 respectively. Again, you deposit another
RM1550 on 31.05.2018. Then, you deposit another RM8500 on 10.06.2018 but withdraw RM5000 on
28.06.2018. On 15.12.2018, you withdraw another RM2000 from the account and then withdraw
again another RM3250 on 28.12.2018. What will be your total hibah on 30.12.2018?
Table 1: Monthly rates
Month Rate (%)
Jan
4.00%*
Feb
+0.00%
March
+0.10%
April
-0.10%
May
+0.10%
June
+0.20%
July
-0.10%
Aug
+0.20%
Sept
+0.10%
Oct
+0.20%
Nov
-0.10%
Dec
+0.00%
Basic rate
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