CREDIT CARD INTEREST COMPUTATION
1. Given following information:
Siti previous balance
RM 2156.50
Purchase clothing
RM 430.15
Dining
RM 158.20
Payment to credit card company
-
RM 158.20
i= 2.56% on first RM 1500
i= 1.56% for more than RM 1500
Calculate Sitf previous balance before new charges and payments on the account are made. What is her
new balance?
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