Question
Maznah borrows RM 7,000 on 14 July 2015 at 13% simple interest and the loan is paid on 12 September 2015 . Find the interest
Maznah borrows RM 7,000 on 14 July 2015 at 13% simple interest and the loan is paid on 12 September 2015 .
Find the interest and calculate the total amount paid under each of the two methods of computing time and interest.
(i) Approximate time, ordinary interest.
(ii) Exact time, exact interest.
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Income Tax Fundamentals 2013
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
31st Edition
1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516
