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secondary 4 | E Maths
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secondary 4 chevron_right E Maths chevron_right Singapore

Pls help! Thanks!

Date Posted: 3 years ago
Views: 222

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You need to find the percentage difference between total amount paid and the original price.

Total amount paid = deposit + total installments.

Total amount paid = 20% X 4299 (deposit) + 155 x 24 (total installments)

Total amount paid - 4299 = difference

Difference / original price X 100% = simple interest
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Lee Han Min
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Hui Ling Tuang
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Interest is charged on the amount borrowed, ie, the amount after paying deposit.