2025 YCKSS PRELIMS P1 Q20

2025 YCKSS PRELIMS P1 Q20

Secondary 4
4 marks

A laptop costs \(1800 cash. Its hire-purchase price is \)1944, consisting of a deposit and 24 monthly payments of $66.

  1. Calculate the deposit.[2]
  2. Calculate the interest rate per annum.[2]

Solution:

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Answer:(a) \(\$360\) (b) \(5\%\) p.a.

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