Raja has placed RM40,000 in a fixed deposit account at BBC Bank. Upon maturity, Raja expected that

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Raja has placed RM40,000 in a fixed deposit account at BBC Bank. Upon maturity, Raja expected that the amount grows to RM41,500.

Calculate the interest rate per annum if the maturity period is 90 days.

Related Book For answer-question

International Financial Management

ISBN: 978-0078034657

6th Edition

Authors: Cheol S. Eun, Bruce G.Resnick

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Posted Date: Mar 04, 2023 01:23 AM

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Raja has placed RM40,000 in a fixed deposit account at BBC Bank. Upon maturity, Raja expected that

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International Financial Management

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