A man took a loan of GHC 1,800.00 at an interest of 12½ percent per annum. It was agreed that the loan and interest must be paid

Question

2 years ago

12

A man took a loan of GHC 1,800.00 at an interest of 12½ percent per annum. It was agreed that the loan and interest must be paid

in one-year monthly installment. Calculate
a) the interest of the loan.

b) the amount to be paid at the end of the year.

c) the monthly installment.

Please help. A persuasive question.

Please no links and unnecessary answers.

Mathematics

1 answer:

diamong [38] · Answer 1 · 2022-09-26T12:00:54+03:00

diamong [38]2 years ago

4 0

Answer:

Hi. I'm sorry, I don't know.