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Calculate the total interest charged

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Reference no: EM133011202

An antique table with a cash price tag of RM20 000 was purchased through an instalment plan in which a down payment of 10% was made. The balance settled with 18 monthly payment of RM1100 each.

Problem 1: Calculate

a. the instalment price

b. the total interest charged

Reference no: EM133011202

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