Sunday
November 23, 2014

Homework Help: math

Posted by Lindsay on Friday, November 9, 2012 at 3:30pm.

An article can be bought for cash at $20,000.00. A customer bought it on hire purchase by paying a deposit of 20%. An interest of 10% was charged on the remaining balance and he was required to pay the balance in 15 monthly installments.
1.What is the interest charged?
2.The amount he paid for each monthly installment?
3.The amount he paid for the article at hire purchase?

Answer this Question

First Name:
School Subject:
Answer:

Related Questions

Maths - A television set is on sale for $780 cash, or 25% deposit and $85 per ...
accounting - Analyze and record, in the form of T Accounts, Mr. James' ...
eng - i need to know if i underlined the correct topic sentence. if not can you ...
Algebra 1 - The marketing director of a department store interviewed 50 ...
accounting - A company was recently formed with $ 50,000 cash contributed to the...
bookkeeping - bought 1053 brackets for .46 each bought 945 bushings at .35 each ...
math - mr harris bought 4 for $0.50, mrs clarke bought 21 for $1.00, mr montaro ...
MATH - bob and his dad visted the hardward store on sunday. They observed the ...
MATH! - bob and his dad visited the hardware store on saturday. they observed ...
Math - Bob and his dad visited the hardware store on Saturday. They observed the...

Search
Members