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Question
secondary 4 | E Maths
2 Answers Below
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Pls help! Thanks!
Date Posted: 4 years ago
Views: 251
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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
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
done
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Interest is charged on the amount borrowed, ie, the amount after paying deposit.
Date Posted:
4 years ago
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