Reid Barnett
05/17/2023 · Primary School

A tablet with WiFi costs R10 579. Mark buys a tablet on HP and agrees to pay a deposit of RI 500 and 36 monthly payments of R350. Calculate the total simple interest paid and the rate of simple interest.

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The total simple interest paid is R3,521 and the rate of simple interest is approximately 11.11% per annum.

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