$ [2] Answer (a) Collin invested $4500 in a Real Estate Investment Trust which paid 4% per annum (b) interest compounded every 6 months. Calculate the total amount of money that Collin would receive after 8 years. $ [2] Answer (b) Solve the simultaneous equations 8 1.5x = 5, y − 6y + 5x = −12. = = [3] Answer x y Jeffrey and his family went to Canada during the school holidays. 9 (a) Before they went on the trip, Jeffrey changed SGD 5000 into Canadian dollars when the exchange rate was CAD 1 = SGD 1.25. Calculate the amount of Canadian dollars he received.
Answer (a) $ [2] (b) Collin invested $4500 in a Real Estate Investment Trust which paid 4% per annum interest compounded every 6 months. Calculate the total amount of money that Collin would receive after 8 years. Answer (b) $ [2] 8 Solve the simultaneous equations y − 1.5x = 5, 6y + 5x = −12. Answer x = y = [3] 9 Jeffrey and his family went to Canada during the school holidays. (a) Before they went on the trip, Jeffrey changed SGD 5000 into Canadian dollars when the exchange rate was CAD 1 = SGD 1.25. Calculate the amount of Canadian dollars he received.