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Raja has placed RM40,000 in a fixed deposit account at BBC Bank. Upon maturity, Raja expected that the amount grows to RM41,500. Calculate the interest
Raja has placed RM40,000 in a fixed deposit account at BBC Bank. Upon maturity, Raja expected that the amount grows to RM41,500.
Calculate the interest rate per annum if the maturity period is 90 days.
Calculate the interest rate per annum if the maturity period is 90 days.
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International Financial Management
Authors: Cheol S. Eun, Bruce G.Resnick
6th Edition
71316973, 978-0071316972, 78034655, 978-0078034657
