1. To accumulate RM8000 at the end of 3 years, deposits of RM98 are made at the end of each year for the first years and RM196 at the end of each year for

the next 2 years.

Given (1 = )

= 2 where is the annual effective rate of interest.

Calculate .​

So the first thing we do is to multiply the top equation by 3. the reason i want to do this is i notice there will be a 6y on both equations and can possibly add/subtract them. so we get 6y = -3x + 27. adding that and the second equation we get 6x = 27-15 which is 12. divide by 6 and we get 2. ∴ x = 2. substituting 2 into the first equation we get 2y = -2 + 9 which is 7. divide by 2 and we get 7/2. ∴ y = 7/2, x = 2.