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please answer this question by referring to the marks. please i really need help QUESTION 1(b): Puan Akmah has received a promissory note for RM10,000
please answer this question by referring to the marks. please i really need help
QUESTION 1(b): Puan Akmah has received a promissory note for RM10,000 with interest of 10% per annum. The date of the note is 15 April 2020 and will mature on 16 December 2020. Given that in that year, Covid 19 hit the world, then after holding the note for 100 days, she has discounted the note at a bank offering a 7.5% discount rate. Based on this problem, you are required to solve this problem from beginning to end. (using the Malaysian banking system rules) (12 marks) QUESTION 1(b): Puan Akmah has received a promissory note for RM10,000 with interest of 10% per annum. The date of the note is 15 April 2020 and will mature on 16 December 2020. Given that in that year, Covid 19 hit the world, then after holding the note for 100 days, she has discounted the note at a bank offering a 7.5% discount rate. Based on this problem, you are required to solve this problem from beginning to end. (using the Malaysian banking system rules) (12 marks)Step by Step Solution
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