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Secondary 1 | Maths
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Ethan
Ethan

Secondary 1 chevron_right Maths chevron_right Singapore

Pls help with Qn9 (i). Thanks

Date Posted: 2 years ago
Views: 395
Ethan
Ethan
2 years ago
Qn 9 (i)
3200 - 480 = 2720
2720 ÷ 2 years = 1360
1360 × 9.5% = 129.20
1360 + 129.20 = 1489.20
1489.20 ÷ 12 mths = $124.10

How come the answer is $134.87??

Where did I go wrong??
AC Lim
AC Lim
2 years ago
Haha... ,% question always made student “Doubt life".
You should use 2720 × interest rate × 2 year + 2720 then ÷ for 24 months.
Ethan
Ethan
2 years ago
Hahaha yes. It did made me "doubt life" xD Thank you for the explanation. I understand where I went wrong now. Thank you! :))

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AC Lim
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