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Question
secondary 3 | E Maths
3 Answers Below
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helpp with 3aiii please thank youu
Date Posted: 6 years ago
Views: 573
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Probably, monthly installment does not mean compounded monthly. That's my assumption.
I also get 3.60 if the interest is compounded monthly.
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I don't think 3.66 is the correct answer.Might want to check with your math tutor/teacher?
Date Posted:
6 years ago
You should only consider the instalment part.
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3.66 is from the compound interest, compounded yearly.
Date Posted:
6 years ago
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