Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. finance
  3. question 1 1.1 briefly describe the concept of al

QUESTION 1 1.1 Briefly describe the concept of Al Rahn Financing and how the concept...

90.2K

Verified Solution

Question

Finance

image
QUESTION 1 1.1 Briefly describe the concept of Al Rahn Financing and how the concept differs from conventional pawn broking (5 marks) Value of Gold Margin of Advance Per Month RM 100 RM 100 58 % 76 % 87% RM 0.69 RM 0. 71 RM 0.87 1.2 Puan Saodah is a petty trader at a wet market in Kuala Teregganu. She applies RM2,500 financing for 8 months period to keep her stock. The Gold value that she has in possession amounted to RM 7,750 and the bank grants 76% margin of advance. Compute the following:- (i) How much is the fees payable? (ii) Total redemption that she has to pay at the end of seven months (10 marks) (Total 15 marks)

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

Explain the purpose of Just-in-time inventory systems

Accounting
Q

Consider four nonstandard dice, whose sides are labeled as follows (the 6 sides on each die...

Basic Math
Q

write a simple program to demonstrate the use of static type of variables in c++... use comments...

Programming
Q

What is this type of joint synarthrosis symphysis synovial joint fibrous joint

Biology
Q

In the figure shown a ring of mass M and a block of mass m...

Physics
Q

A cylindrical shaped oil tank has a diameter of 6 inches and holds 26 pounds...

Geometry
Q

Find the distance from the point to the given plane.(1, -3, 6), 3x + 2y...

Geometry
Q

Factor 4x2 20x 25 O O O 2x 5 2x 5 2x 5 2x 5

Basic Math
Q

Phuthi invests R25000 into an account on 7 February. It will accumulate to...

Accounting
Q

Please solve this case in ExcelMany thanks! The Problem: You are the technology controller for...

Accounting
Q

Q1 A) Give me five examples of errors(found through auditing) B) Give me...

Accounting
Q

Pronghorn Chance Co. sells computers and video game systems. The business is divided into two...

Accounting