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secondary 2 | Maths
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Q3 and 4 pls help me
Date Posted: 4 years ago
Views: 180
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Interest earned: $25,000 x 1%/year x 2 years = $500
Answer: $25,000 + $500 = $25,500
Answer: $25,000 + $500 = $25,500
Interest payable = $65,000 x 3.5%/year x 5 years = $11,375
Answer (a) = $65,000 + $11,375 = $76,375
No. of months in 5 years = 12 x 5 = 60
Answer (b) = $76,375/60 = $1,272.92
Answer (a) = $65,000 + $11,375 = $76,375
No. of months in 5 years = 12 x 5 = 60
Answer (b) = $76,375/60 = $1,272.92
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