Maznah borrows RM 7,000 on 14 July 2015 at 13% simple interest and the loan is paid on 12 September 2015 . 

Find the interest and calculate the total amount paid under each of the two methods of computing time and interest. 

(i) Approximate time, ordinary interest.

(ii) Exact time, exact interest.

Answer rating: 100% (QA)

i To calculate the interest and total amount paid using approximate time and ordinary interest we ne... View the full answer