Mathematics

Moriah

16 August, 10:14

Tze Cheng made a credit card transaction of

RM1 400. He only made minimum repayment of

RM70 after he received the monthly statement.

Given that the finance charge is 1.5% per

month on the transaction for 16 days and on the

outstanding balance for 20 days. Late payment

cahrge is at a minimum of RM10 or 1% of

the outstanding balance. Calculate the current

amount in the next month statement.