A Xerox machine is available for Rs. 78000 cash or for 33-% cash. down payment and 11 equal monthly instalments of Rs. 4900 each. Calculate the rate of interest charged.
A Xerox machine is available for Rs. 78000 cash or for 33-% cash. down payment and 11 equal monthly instalments of Rs. 4900 each. Calculate the rate of interest charged.
Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter7: Exponents And Exponential Functions
Section: Chapter Questions
Problem 68SGR
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![A Xerox machine is available for Rs. 78000 cash or
for 33-% cash. down payment and 11 equal monthly
3
instalments of Rs. 4900 each. Calculate the rate of interest
charged.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F9aabdad2-adc4-47fd-8262-6e8bfb3a1285%2Ff3610bda-504b-4352-abf6-6ac1fa9ec323%2Flqcoyu_processed.jpeg&w=3840&q=75)
Transcribed Image Text:A Xerox machine is available for Rs. 78000 cash or
for 33-% cash. down payment and 11 equal monthly
3
instalments of Rs. 4900 each. Calculate the rate of interest
charged.
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