Matthews Pearson
06/15/2024 · Junior High School

\begin{tabular}{l} 8) Alex buys a car radio costing R1 750 on hire purchase. He pays a deposit of R170 \\ and thereafter pays 24 monthly payments of R75 each. Calculate: \\ 8.1) The amount of interest paid \\ 8.2) The rate of simple interest, correct to two decimal places \\ \hline\end{tabular}

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8.1) The amount of interest paid: R220 8.2) The rate of simple interest: 6.29%

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