EM-2650
Rate and average speed
E Math · Secondary 4 · Hard · Rate and average speed
A car has a cash price of \$96 500. The buyer pays a 20% deposit and takes a simple interest loan for the remaining amount at 3.2% per annum for 4 years. Calculate the monthly instalment the buyer has to pay over the 4 years.
- \814.20
- \608.33
- \$2018.40
- \$2059.20
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