Thailand: World S First Bitcoin Ban

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Mr. Ram owns a credit card of XYZ Financial institution. The credit score limit of the card is Rs.6000 and it costs two%25 . After creating buy of stereo of Rs.10,000, he swapped his card to make its half payment i.e. Rs.5000. The remaining Rs.5000 will be paid in subsequent months. Due to some financial factors, Ram did not make payment in first thirty day period and as a outcome the complete curiosity price charged was 3%25 on the entire quantity of 5000. So each month Ram stands to pay a penal interest of Rs. 150. Therefore the vehicle stereo will finish up costing him more than the budgeted Rs. ten thousand.

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