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Eng Kiat spent RM1200 using a credit card in April. He only made a minimum payment of RM60 and the statement date is 15 days from the interest-free expiry date. Given the finance charge and late payment charge rates are 18% per annum and 1% respectively on the outstanding balance. Calculate the total outstanding balance on the May statement.
I hope you can write your calculations only that is your answer for this question and write it in malay please.Thank you.