Q13 A customer needs to buy a washing machine. He wants to pay monthly. Two different shops have the washing machine he wants. BROWNS HS Home Superstore Price £525 Price £470 Pay monthly offer: Interest is 15% of the price. Pay the total amount in 10 equal monthly instalments. First instalment must be paid today. Pay monthly offer: Interest is 5% of the price. Pay 1/3 today and the rest in 4 equal monthly payments. Work out which offer is cheaper and by how much, How much would the customer need to pay today?
Q13 A customer needs to buy a washing machine. He wants to pay monthly. Two different shops have the washing machine he wants. BROWNS HS Home Superstore Price £525 Price £470 Pay monthly offer: Interest is 15% of the price. Pay the total amount in 10 equal monthly instalments. First instalment must be paid today. Pay monthly offer: Interest is 5% of the price. Pay 1/3 today and the rest in 4 equal monthly payments. Work out which offer is cheaper and by how much, How much would the customer need to pay today?
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
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Transcribed Image Text:Q13 A customer needs to buy a washing machine. He wants to pay monthly.
Two different shops have the washing machine he wants.
BROWNS
HS
Home Superstore
Price £525
Price £470
Pay monthly offer:
Interest is 15% of the price.
Pay the total amount in 10 equal monthly
instalments. First instalment must be paid
today.
Pay monthly offer:
Interest is 5% of the price.
Pay 1/3 today and the rest in 4 equal
monthly payments.
Work out which offer is cheaper and by how much. How much would the customer need to pay
today?
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