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}
UpStudy ThothAI Solution
Tutor-Verified Answer
Quick Answer
8.1) The amount of interest paid: R220
8.2) The rate of simple interest: 6.29%
Step-by-step Solution
Answered by UpStudy AI and reviewed by a Professional Tutor
UpStudy ThothAI
Self-Developed and Ever-Improving
Thoth AI product is constantly being upgraded and optimized.
Covers All Major Subjects
Capable of handling homework in math, chemistry, biology, physics, and more.
Instant and Accurate
Provides immediate and precise solutions and guidance.
Try Now
Ask Tutors
Ask AI
10x
Fastest way to Get Answers & Solutions
By text
Enter your question here…
By image
Re-Upload
Submit