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Author Question: Danny bought a camera from Future Shop for $385 at 3% p.a. rate and 4 equal quarterly payments. ... (Read 135 times)

tingc95

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Question 1

Kennedy owed $925 to his friend a year ago and owed $600 to another friend 6 months ago. If he clears his debt today, what total payment is he expected to make, if the simple interest of 20% is applicable?
◦ $1525
◦ $1800
◦ $660
◦ $1110
◦ $1770

Question 2

Danny bought a camera from Future Shop for $385 at 3% p.a. rate and 4 equal quarterly payments. Determine the size of the quarterly payments if the agreed focal date is the date of the loan.
◦ $93.45
◦ $98.05
◦ $128.33
◦ $96.25
◦ $99.14


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Marked as best answer by tingc95 on Jun 6, 2019

livaneabi

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tingc95

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Reply 2 on: Jun 6, 2019
YES! Correct, THANKS for helping me on my review


milbourne11

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Reply 3 on: Yesterday
:D TYSM

 

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