2. May plans to from Bank A 12% per ann decides to pa ordinary time
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
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Question
![2. May plans to make a loan on the 15 January 2011
from Bank ACB that charges a simple interest of
12% per annum. Find the amount of the loan if she
decides to pay RM10437.26 on 28 May 2011 using
ordinary time and exact simple interest.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F22ce8b67-e59a-4861-b734-a5bce6142afd%2Fbaea23e7-4a27-46f9-838c-765cee00b107%2F908m3ik_processed.jpeg&w=3840&q=75)
Transcribed Image Text:2. May plans to make a loan on the 15 January 2011
from Bank ACB that charges a simple interest of
12% per annum. Find the amount of the loan if she
decides to pay RM10437.26 on 28 May 2011 using
ordinary time and exact simple interest.
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