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:
Step-by-step explanation:
1/24
The answer is $1,446.33. 1,240 x 8% = $99.20 $1,240 + $99.20 = $1,339.20. $1,339.20 x 8% = $107.13 $1,339.20 + $107.13 = $1,446.33. Hope I could help! :D
Equal in what? Cm, m, mm ?