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Syaherah is applying for a RM50,000 hire purchase from BCD Bank. The interest rate of the loan is 6% per annum flat and the duration

Syaherah is applying for a RM50,000 hire purchase from BCD Bank. The interest rate of the loan is 6% per annum flat and the duration is 9 years. However, the bank does not provide full financing instead, requires her to provide a 20% deposit of the total amount of the loan applied. Syaherah has approached you and asked your assistance to calculate the loan amount.

A.RM40,000

B.RM30,000

C.RM50,000

D.RM60,000

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