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Please answer this question using formula and handwritting. Tq 5. Roger borrows RM4500 at 9% simple interest on July 3, 1993. He pays RM1250 on

Please answer this question using formula and handwritting. Tq image text in transcribed

5. Roger borrows RM4500 at 9% simple interest on July 3, 1993. He pays RM1250 on October 27, 1993, and RM2500 on January 7, 1994. Find the balance due on May 1, 1994, using exact time/exact interest. (8 marks)

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