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In borrowings calculation, since we were already given the weighted average borrowing rate we should directly calculate on [20+(50*3)]*.09*4/12
Why have they averaged out the borrowings too?
Please can you clarify page reference.
Thanks
In BPP Revision kit question no 33 Pg-45
I would have done 9% on 20 for 4 months, 70 for 3 months, 120 for 2 months and 170 for 1 month. I don’t understand your formula, but is that what you are saying?