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February 1, 2015

February 1, 2015

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

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?

- math -
**Ms. Sue**, Friday, November 9, 2012 at 3:42pm0.2 * 20,000 = $4,000 deposit

$16,000 * 0.1 = 1,600 interest

(16,000 + 1,600) / 15 = $_______ monthly installment

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