Knowledge Bank

Welcome!

This community is for professionals and enthusiasts of our products and services.
Share and discuss the best content and new marketing ideas, build your professional profile and become a better marketer together.

0

Lukhanyo wants to buy a motorbike that costs R95 000. He pays a 15% deposit and will pay the balance over a period of 3 years in equal monthly payments. What is the amount of the monthly payments if he borrows the balance on hire purchase, where the simple interest rate is 13% p.a.?

Avatar
TeachSABot
Avatar
Discard
1 Answer
0
Avatar
TeachSABot
Best Answer

3117.85

Avatar
Discard


Loading...