Answer: RM 48.34
Step-by-step explanation: To find the date of the loan, we need to calculate the original loan amount before the discount was applied.
Let's assume the date of the loan is X.
We know that the loan amount after the discount is RM 4073.33 and the discount amount is RM 48.34.
The discount rate is given as 7.1%. To calculate the original loan amount, we can use the formula:
Original Loan Amount = Loan Amount after Discount / (1 - Discount Rate)
Substituting the given values:
Original Loan Amount = RM 4073.33 / (1 - 0.071)
Simplifying the equation:
Original Loan Amount = RM 4073.33 / 0.929
Original Loan Amount = RM 4389.84
Now, we can set up an equation to find the date of the loan. Let's assume the loan was taken for 'n' days.
Original Loan Amount = Loan Amount after 'n' days
RM 4389.84 = RM 4073.33 * (1 + 0.071 * n)
Simplifying the equation:
1 + 0.071 * n = RM 4389.84 / RM 4073.33
1 + 0.071 * n = 1.077
0.071 * n = 1.077 - 1
0.071 * n = 0.077
n = 0.077 / 0.071
n ≈ 1.085