Ms Amanda du Toit wishes to purchase the lounge suite. A furniture store offers her R1225 in hire but for 36 equal monthly instalments (VAT inclusive). In addition, the store include 18% percent simple interest in the instalment. Express the period in years.
Ms Amanda du Toit wishes to purchase the lounge suite. A furniture store offers her R1225 in hire but for 36 equal monthly instalments (VAT inclusive). In addition, the store include 18% percent simple interest in the instalment. Express the period in years.
Chapter12: Current Liabilities
Section: Chapter Questions
Problem 11EB: Whole Leaves wants to upgrade their equipment, and on January 24 the company takes out a loan from...
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![Ms Amanda du Toit wishes to purchase the lounge
suite. A furniture store offers her R1225 in hire but
for 36 equal monthly instalments (VAT inclusive). In
addition, the store include 18% percent simple
interest in the instalment. Express the period in
years.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F30567891-b764-438f-95cb-c63ad41bde66%2F28261daf-df91-49ce-b549-5fed7f54071b%2F9vrezz_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Ms Amanda du Toit wishes to purchase the lounge
suite. A furniture store offers her R1225 in hire but
for 36 equal monthly instalments (VAT inclusive). In
addition, the store include 18% percent simple
interest in the instalment. Express the period in
years.
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