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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.
<u>Given</u>:
The given expression is
We need to determine the equivalent expression.
<u>Equivalent expression:</u>
Let us determine the equivalent expression.
The equivalent expression can be determined by simplifying the given expression.
Hence, let us apply the exponent rule to simplify the given expression.
Thus, applying the exponent rule, , we get;
Rewriting the expression, we get;
Simplifying, we get;
Thus, the equivalent expression is
Hence, Option C is the correct answer.