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Patience’s employer provided her with an interest-free loan so that she could purchase à season ticket for the train to work. The balance of the loan outstanding at 6 April 2021 was £18,000, and Patience repaid the loan in full on 31 December 2021.
Hello sir.
I am unable to calculate interest through average method.
18000 x 2% x 9/12= 270
Is this correct way?
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