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#interest-rates
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#finance
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#loans
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#banking
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The national bank of Ethiopia changes the borroing interest rate expense from 12%-13% and interest saving rate of 5%-6% for 1 year .XYZ company borrowed birr 100,000 for 1 year .ato dawit has birr ?
The national bank of Ethiopia changes the borroing interest rate expense from 12%-13% and interest saving rate of 5%-6% for 1 year .XYZ company borrowed birr 100,000 for 1 year .ato dawit has birr ?
125,000 account balance in his saving account
required
Calculate the interest expense and saving book ?