IP1U8 Exercise Q9
IP1U8 Exercise Q9
TGM Original Questions
Mr Wong bought a TV set which was priced at \(\$3885\) by hire purchase. He was required to pay a sum of \(\$210\) each month for \(1.5\) years. What was the simple interest rate per annum if he only paid \(\$350\) as downpayment?
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Answer:\(4.62\%\)
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