Question: QUESTION 2 ( CLO 2 ) If someone borrowed RM 6 , 0 0 0 and managed to pay after 1 0 months with a

QUESTION 2(CLO 2)
If someone borrowed RM6,000 and managed to pay after 10 months with a total of
RM6,375,
a) What will be the value of interest charged?
b) What is the corresponding nominal interest rate, compounding semi-annually?
c) What will be the amount of money if they fail to pay after a year?

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