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What is the interest expense

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a) A motor vehicle which costs RM20, 000 was bought on credit terms, with payment of 10% as deposits to be made immediately and the balance to be paid in one lump sum 6 months later.

?) What is the interest expense if the compound interest rate is 2% per month?

??) What will the total amount be paid for the vehicle?

Reference no: EM132623613

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