Greene Chadwick
07/22/2024 · Middle School
(h) Janice buys a car costing R100 000 on hire purchase. She makes a R25 000 deposit and pays back the balance, with \( 20 \% \) p.a. simple interest, over a period of 54 months. Calculate her monthly payment.
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Janice's monthly payment is approximately R2,638.89.
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