Question

please answer the questions? solve all of them please I'll give 96 points for it.

Answer 1

Step-by-step explanation:

30) From the question the down payment or rather the deposit is 5000 whereas the price is 45000.

The remaining balance to be paid in 10 monthly installment is 40000 on which an interest rate of 5% is charged.

The accumulation factor is (1.05)^n and n is in years.

The accumulated amount is :40000 × (1.05)^(10/12)=41659.85

Interest=41659.85-40000=1659.85

Answer 2

Heya _____

Solution refer as given here _____

Deposits ___ 5000

Price ____ 45000

Installment ____ 40000

Years to be paid ____ 10

The accumulation of factor __

( 1.05)^2 n

40000* (1.05)^2(10/12)

= 41659.85

Total interest paid _____

41659.85-40000

= 1659.85 _____ Thank you