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Example 5 - Specific borrowings

FFamara2y ago
Am wrong in calculating the interest for the 10 months first then deducting a month's interest to arrive at $375 to be capitalised? Or was I doing to the long way? Many thanks
P2-D2P2-D2Tutor2y ago#1
If you get the right answer then it doesn't matter how you get to it. Does it give you the right answer? Thanks
FFamara2y ago#2
Yes, I got the correct answer. Thanks
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