Help! Urgent help!

last SG · 2006-10-09T21:29:24+00:00

its 0.06 * 337 500 to get interest for 1 year den * 5.5 years

blueeyeswhitedragon SG

Hey! Nid a Help for a maths question! Sec. 2 maths. thx lots! 2molo maths exam! Now practising!

Mr Wealth invested S$150 000 in Malaysia at 6% per annum simple interest when the exchange rate was S$1= RM2.25. After 5 1/2 years, he withdrew the interest gained from his investment. The exchange rate then was S$1=RM 2.06. Calculate the amount in Singapore dollars, correct to the nearest cent, that he would receive. Very Happy

Thx again in advance!

alexkusu SG

$17,356.27

browniebaobao SG

dinoe nowadays sec sch maths question got calculate exchange rate de leh.

Ben_Ng69 SG

i hate math... Mad

shinta SG

hmm? last time got liao le..

OasisBlue SG

lo lsec 2 here as well but we din learn that. we learn it in sec 1 i think. Very Happy

Gackt247 SG

Anyone wants tuition.. my rates good.. Embarassed

browniebaobao SG

[quote]Originally posted by shinta:
hmm? last time got liao le..[/quote0]

i dun remember sec sch have leh..

i only remember calculating exchange rate in ITE.

shinta SG

SGD150k = RM 337.5k

interest for 1 year = RM 20.25k
interest for 5.5 years = RM 111.375k = SGD 54,065.53

shinta SG

Originally posted by browniebaobao:
[quote]Originally posted by shinta:
[b]hmm? last time got liao le..[/quote0]

i dun remember sec sch have leh..

i only remember calculating exchange rate in ITE. [/b]

hmm

i rmb doin it in sec sch... =\

den i always miss a step or sth or confused it with some other stuff den i failed that qn

Embarassed

toyota-corolla SG

i hate maths! Mad Mad

blueeyeswhitedragon SG

er...............my answer sheet answer is S$54065.53 (nearest cent)

Is the answer wrong? Very Happy

shinta SG

yay! i got it correct!

ndmmxiaomayi SG

S$1 = RM2.25
S$150 000 = 2.25/1 X 150 000 = RM337 500

SI = PRT/100 = 337 500 X 6 X 5.5/100 = RM111 375

RM111 375 + RM 337 500 = RM448 875

RM2.06 = S$1
RM448 875 = 1/2.06 X 448 875 = S$217 900.49

Not sure if correct or not, long time since I touch it. Laughing

alexkusu SG

yeah! me too Cool

shinta SG

ur answer is this leh

Razz Razz Razz

blueeyeswhitedragon SG

Who got it correct? can put out the steps!??!

In rush now!
PLZ HELP!

I now ling shi bao for jiao Crying or Very sad

alexkusu SG

u ddnt read fine line ah...

plus or minus 40k

ndmmxiaomayi SG

Me wrong... expected... Neutral

ctstalin SG

S$150 000 = RM 337 500
Interest earned in 5.5 years = 337 500 x 5.5 x 0.06 = RM 111 375 = S$54065.53

That is assuming that every month also got add interest (0.06/12)%, no year on year add de Laughing