KatExe4 KatExe4
  • 09-11-2022
  • Mathematics
contestada

Mr Nel buys a stove for R8900 on hire purchase. He pays a deposit of R500. The simple
interest rate is 6.25% p.a. Calculate his monthly instalments if the hire purchase agreement
stipulates that he must pay the entire amount for the stove in 3 years’ time.

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