A customer charges for a bike at ABC Shop. The price is $10,…
A customer charges for a bike at ABC Shop. The price is $10,000 and the financing charge is 6% per annum if the bill is not paid in 30 days. The customer fails to pay the bill within 30 days and a finance charge is added to the customer’s account. (360 days in a year) What is the amount of the finance charge?
Read Details