Professional Documents
Culture Documents
2010
MUHD. ZULFAHMI BIN MOHD. SOBRI
MANAGER OF FINANCIAL DEPARTMENT
WARISAN RMN
• Introduction
• Overview
• Task Specification
• Conjectures
• Procedure : Part 1
: Part 2
• Further Exploration
• Conclusion
• Reflection
Introduction
A bank is a financial intermediary that accepts deposits and
channels those deposits into lending activities, either directly or
through capital markets. A bank connects customers with capital
deficits to customers with capital surpluses.
History of Banking
Banks date back to ancient times. During the 3rd century AD,
banks in Persia and other territories in the Persian Sassanid
Empire issued letters of credit known as Ṣakks. Muslim traders
are known to have used the cheque or ṣakk system since the time
of Harun al-Rashid (9th century) of the Abbasid Caliphate. In the
9th century, a Muslim businessman could cash an early form of
the cheque in China drawn on sources in Baghdad,[2][verification
needed] a tradition that was significantly strengthened in the
13th and 14th centuries, during the Mongol Empire.[citation
needed] Fragments found in the Cairo Geniza indicate that in the
12th century cheques remarkably similar to our own were in use,
only smaller to save costs on the paper. They contain a sum to be
paid and then the order "May so and so pay the bearer such and
such an amount". The date and name of the issuer are also
apparent. The earliest known state deposit bank, Banco di San
Giorgio (Bank of St. George), was founded in 1407 at Genoa, Italy.
[3] Banking in the modern sense of the word can be traced to
medieval and early Renaissance Italy, to the rich cities in the
north like Florence, Venice and Genoa. The Bardi and Peruzzi
families dominated banking in 14th century Florence, establishing
branches in many other parts of Europe[4]. Perhaps the most
famous Italian bank was the Medici bank, set up by Giovanni
Medici in 1397
Part 1
Part 2
Part 1
My conjecture for this part is:-
Part 2
My conjecture is:-
75 4500
125 3500
200 2000
250 1000
PART 1
1(a)
TABLE 1
1(b)
One unit of particular computer component is RM50.
The selling price for one unit is RMs.
So, to find the profit earned is RMs-RM50.
So, we use this formulae:-
Y = (s-50)d
s = selling price
d = demands
y -intercept, c = 6000
Y = Yearly
profit
s = Selling
Price
1(c)
Method 1
• differentiation
Y= -20s2+ 7000s-300000
dYds= -40s+7000
Method 2
• completing the square
Y= -20s2+ 7000s-300000
Y= -20s2-350s-300000= -20s2-350s-35022-35022-300000Y= -20s-1752+612500-
300000Y= -20s-1752+312500
1(d)
d= -20s+6000
d= 2500
PART 2
TABLE 2
2(a)
Total Loan Total Interest Incurred (RM)
(RM) 12 months 24 months 36 months 48 months 60 months
TABLE 3
2(b)
Total Loan Average Interest Per Month (RM)
(RM) 12 months 24 months 36 months 48 months 60 months
TABLE 4
10 000 2% 2% 2% 2% 2%
20 000 2% 2% 2% 2% 2%
30 000 2% 2% 2% 2% 2%
40 000 2% 2% 2% 2% 2%
50 000 2% 2% 2% 2% 2%
TABLE 5
The interest rate is the same for any term of loan and it’s affected
by the amount of loan. The interest rate (24% per annum) is too
high for a normal bank loan.
2(c)
Loan Annual Payment (RM)
Amount
(RM) 12 months 24 months 36 months 48 months 60 months
TABLE 6
2(d)
= RM 40000
12 Months 30 000
24 Months 50 000
36 Months 65 000
48 Months 80 000
60 Months 90 000
annum
Verification
Part 1
My conjecture is not accepted.
It is because profitability of a company are fixed at a price only.
That’s why we use differentiation method to find the fixed profit.
Part 2
My conjecture is accepted.
It is because the rate of every loan amount are differences even a
little bit.
In the same time, they also are approximately equal.
So, we must choose the best loan for our company.
Further Exploration
There are some differences between Islamic and Conventional
banking systems basically can be seen from the angle as follows:
Conclusion
Part 1
- selling goods at prices lower than cost price will result in loss
- and vice versa ...
So, we must study deeply on the number of products
manufactured and the suitable prices so that our company gain
the maximum profit.
Part 2
- To make a loan, we can apply from any banks. Then, we choose
any loans provided.
- But we need to think rationally and smart to choose a loan so
that the loan that
we have chosen will not give bad effects to company.
Overall
- In our daily life, we use application of our knowledge such as
Additional -Mathematics and others.
- Make decisions that benefit to company like choose loan and so
on.
- Also make saving for the future and unexpected events like
accidents or others. Never give up when the company suffered
losses.
- Find a way to bring it back.