Store ABC sells a laptop at $ \$3600$ inclusive of $ 7\%$ Goods and Services Tax (GST). Find the

Question

Store ABC sells a laptop at $ \$3600$ inclusive of $ 7\%$ Goods and Services Tax (GST). Find the price of the laptop before GST, correct to the nearest dollar. [2] James decides to buy the laptop on hire purchase with these terms: a down payment of $25\%$ and the remaining amount to be paid in monthly instalments over $2$ years at a simple interest rate of $3.5\%$ per annum. Find his monthly instalment, correct to the nearest cent. [3]

Accepted Answer

(a) $\$3364$ (b) $\$120.38$

2022 AMKSS EOY P1 Q11

2022 AMKSS EOY P1 Q11

Solution:

Solution locked