Car is purchased on hire-purchase. The cash price is $21 000 and the terms are a deposit of 10% of the price, then the balance to be paid off over 60 equal monthly instalments. Interest is charged at 12% p.a. What is the total cost of the car?
A) 30.240 B) 31.240 C) 33.240 D) 32,240
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Hey mate your answer is 32,240.
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