a) The following information is Taron's conventional savings account as at 31st December 2017: Multi interest rates (effective 10/5/2017 - 11/6/2018 & 13/6/2018 - 14/12/2018)

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a) The following information is Taron's conventional savings account as at 31st December 2017: Multi interest rates (effective 10/5/2017 - 11/6/2018 & 13/6/2018 - 14/12/2018). Tier Tier 1 Tier 2 Tier 3 Range Up to MYR5,000 MYR5,000-MYR10,000 MYR10,000-MYR30,000 Rate (% per annum) 3.30% 2.50% 0.80% Required: Compute the interest for Taron if he maintains a balance of MYR30,000 for the whole March 2018 (31 days). (12 marks) b) The following information is Rukayah's qard savings account as at 31st December 2017. The hiba rates are declared, given on discretion basis and not guaranteed: Multi hiba rates (effective 16/12/2017 - 14/1/2018 & 16/1/2018 - 15/8/2018). Tier Tier 1 Tier 2 Tier 3 Range Up to MYR1,000 MYR1,001 to MYR4,000 MYR4,001 and above Rate (% per annum) 2.00% 3.00% 4.30% Required: Compute hiba for Rukayah if she maintains a balance of MYR25,000 for the whole of January 2018 (31 days).