Tze Cheng made a credit card transaction of
RM1 400. He only made minimum repayment of
RM70 after he received the monthly statement.
Given that the finance charge is 1.5% per
month on the transaction for 16 days and on the
outstanding balance for 20 days. Late payment
cahrge is at a minimum of RM10 or 1% of
the outstanding balance. Calculate the current
amount in the next month statement.
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