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Secondary 1 | Maths
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Pls help answer is $156.25
Date Posted: 3 years ago
Views: 186
10% interest rate per year would mean that if the loan is made for a year, louis has to pay an interest of (750*0.1)= 75
75 would be the interest for a year. Monthly interest would be 75/12=6.25. The principal amount would be (750/5)= 150.
150+6.25= 156.25.
75 would be the interest for a year. Monthly interest would be 75/12=6.25. The principal amount would be (750/5)= 150.
150+6.25= 156.25.
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Date Posted:
3 years ago
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