Answered

Discover a wealth of knowledge at Westonci.ca, where experts provide answers to your most pressing questions. Our platform provides a seamless experience for finding reliable answers from a network of experienced professionals. Explore comprehensive solutions to your questions from a wide range of professionals on our user-friendly platform.

CORRECT ANSWER GETS BRAINLIST

Philani bough a scooter for R15 000. He paid 15% of the amount in cash and sgned a hire-purchase agreement to pay the balance in 24 equal monthly instalments. The interest rate is 10% per annum.
How much did he pay in cash?

Calculate the total amount that he must still pay.​

Sagot :

If philani buys a scooter for 15,000 and wants to pay 15% down then he must pay 2,250. After this they will still need to pay 12,750 to pay of the scooter, but after the 10% annually (for two years) then they will owe 15,750 for the scooter rather than 12,750. Hope this helps!
Thank you for choosing our platform. We're dedicated to providing the best answers for all your questions. Visit us again. Thank you for visiting. Our goal is to provide the most accurate answers for all your informational needs. Come back soon. Thank you for visiting Westonci.ca, your go-to source for reliable answers. Come back soon for more expert insights.