Jamillah deposited RM170,000 into 'Special Investment Account for 9 months period with one of the Islamic...
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Jamillah deposited RM170,000 into 'Special Investment Account for 9 months period with one of the Islamic bank. During the agad, all the parties are agreed that the predetermined ratio/ profit-sharing ratio is 70:30 (customer:bank). Nine months later, the Islamic bank declared the actual profit rate of 5.5% for the account. Based on the information given, calculate the total profit amount earned by Jamilah. Jamillah deposited RM170,000 into 'Special Investment Account for 9 months period with one of the Islamic bank. During the agad, all the parties are agreed that the predetermined ratio/ profit-sharing ratio is 70:30 (customer:bank). Nine months later, the Islamic bank declared the actual profit rate of 5.5% for the account. Based on the information given, calculate the total profit amount earned by Jamilah.
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Related Book For
Principles of Auditing and Other Assurance Services
ISBN: 978-0078025617
19th edition
Authors: Ray Whittington, Kurt Pany
Posted Date:
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