Question
I borrow $10 000.00 at 10% p.a. compound (or reducible rate of) interest, but paid off $3000.00 at the end of the first year.I was
I borrow $10 000.00 at 10% p.a. compound (or reducible rate of) interest, but paid off $3000.00 at the end of the first year.I was charged $1000.00 interest in the first year.How much interest will I be charged in the second year?
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Accounting
Authors: Jonathan E. Duchac, James M. Reeve, Carl S. Warren
23rd Edition
978-0324662962
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