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secondary 3 | E Maths
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A math god
A Math God

secondary 3 chevron_right E Maths chevron_right Singapore

Pls help me

Date Posted: 4 years ago
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Eric Nicholas K
Eric Nicholas K's answer
5997 answers (Tutor Details)
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We express the interest charged as a percentage of the balance to be charged on.

I assume that the interest is charged on a simple interest basis so I divide by 2 at the end for a per year percentage.