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
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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.
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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