It take 2.75 years
Step by step explanation:
18600$ / 1000$x6.75%=2.75
Question The price of a sofa is Sx. A man buys the sofa on hire purchase according to the following terms:
a downpayment of 25 % and the remaining to be paid in monthly instalments over 30 months at a
simple interest rate of 12 % per annum. Given that his monthly instalment is $52, find the value of x.
Answer:
$10,249.80
Step-by-step explanation:
I'm really tired but if you want an explanation, please say so