Mandy bought a set of fitness equipment by paying zero down payment and monthly instalments of $265 over 18 months. If the rate of interest was 4% per annum, find the cash price.
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AMOUNT = PRT/100
and since
installment is $265 for 18 months
so amount = 265 × 18 = 4770
so from the formula
A = PRT/100
4770 = (P× 4 × 18)/100
P = (4770×100)/ (18 × 4)
P = 6625
and since
installment is $265 for 18 months
so amount = 265 × 18 = 4770
so from the formula
A = PRT/100
4770 = (P× 4 × 18)/100
P = (4770×100)/ (18 × 4)
P = 6625
dumisanimtetwa:
Thanx, hey.
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