adam bought a $500 tablet on hire-purchase plan, consisting of a deposit, then monthly payments. he paid $50 deposit and monthly instalments of $25 for two years. what is the simple interest rate charged per annum? Answer correct to one decimal place.
adam bought a $500 tablet on hire-purchase plan, consisting of a deposit, then monthly payments. he paid $50 deposit and monthly instalments of $25 for two years. what is the simple interest rate charged per annum? Answer correct to one decimal place.
Chapter9: Sequences, Probability And Counting Theory
Section: Chapter Questions
Problem 29RE: Alejandro deposits $80 of his monthly earnings into an annuity that earns 6.25% annual interest,...
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adam bought a $500 tablet on hire-purchase plan, consisting of a deposit, then monthly payments. he paid $50 deposit and monthly instalments of $25 for two years. what is the simple interest rate charged per annum? Answer correct to one decimal place.
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