Mike wants to buy a scooter worth R10000 but cannot afford so he opts for the hire purchase agreement which requires a 13% depos

Question

2 years ago

7

Mike wants to buy a scooter worth R10000 but cannot afford so he opts for the hire purchase agreement which requires a 13% depos

it and a 24 equal monthly installments at a rate of 15% per annum compounded monthly
A.How much will his deposit be?
B.calculate how much does he still need to pay after the deposit
C.calculate the monthly installment

Mathematics

1 answer:

nlexa [21] · Answer 1 · 2022-07-23T15:08:20+03:00

nlexa [21]2 years ago

6 0

Answer: I think the answer is A

Step-by-step explanation: