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June 2013 Q 3

This topic has 1 reply, 2 voices, and was last updated 9 years ago by John Moffat.

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December 8, 2015 at 5:29 pm #289154
farhana001
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Can you explain me how to calculate the (a) finance cost save?
From where did he get the 5%?
December 9, 2015 at 8:02 am #289444
John Moffat
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Because the overdraft is reduced, they save interest at the short-term borrowing rate, which is given in the question as 5%.
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