my maths assignment :(
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Apply the formula: rate of interst = simple interst *100÷principal *time
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cost of tv= 7500
Cost charged on installment plan
=3000+(1000 x 5)
=8000
Instrest Charged on Installment transaction
=8000-7500
=500
Rate of interest= 500/7500x100
=6.66%
Cost charged on installment plan
=3000+(1000 x 5)
=8000
Instrest Charged on Installment transaction
=8000-7500
=500
Rate of interest= 500/7500x100
=6.66%
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