Question 6 of 61beginner🧠 RememberMCQ1 mark

Interest on calls in arrears is charged according to “Table F” at:

Exercise: Test your Understanding – II | Q: 1(c) | (Page 35)
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Explanation

Option (i) is correct. The provided text explicitly states under the section regarding Calls in Arrears that if the Articles of Association are silent, the rule contained in Table F is applicable. This rule states that the interest on calls in arrears is charged at a rate not exceeding 10% p.a.