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Secondary 1 | Maths
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Very confusing. I’m stuck and I need help please
Date Posted: 3 years ago
Views: 427
Total payment for 48 months
= 45.60 × 48
= 2188.80
Interest payable
= 2188.80 - 1248
= $940.80
Interest per annum
= 940.80 ÷ 4 ÷ 1248 × 100%
= 18.84615385
≈ 18.85%
= 45.60 × 48
= 2188.80
Interest payable
= 2188.80 - 1248
= $940.80
Interest per annum
= 940.80 ÷ 4 ÷ 1248 × 100%
= 18.84615385
≈ 18.85%
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Answer in main comments.
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