Aslan bought a Peugeot 5008. The car was purchased at a price of RM180,000 four years ago. He paid RM40,000 as a down payment and secured financing for the balance with an Islamic bank at a 3% profit rate for nine years. Calculate the amount paid for this car.? 

ii. From the section 

(i), calculate the rebate value? 

iii. From the section 

(i), Calculate the Liability balance?

Answer rating: 100% (QA)

VALUE OF CAR RM 180000 DOWN PAYMENT RM40000 BALANCE PAID BY ASLAN THROUGH FINANCE RM 140000 RM180000... View the full answer