potego045 potego045

20-02-2022
Mathematics

contestada

Michael a farmer wants to buy a new tractor. The price of the tractor is 160 000 VAT excluded He can afford a deposit of R20000. He decides to buy the tractor on hire purchase over a period of 60 months with simple interest of 10%. What would he pay in total after 60 months?

Respuesta :

fatkidmovie356 fatkidmovie356

20-02-2022

Answer:

Below(R 230000)

Step-by-step explanation:

14,000(1+10x+5/100)=21,000

but after 60 months 10 percent intrest so

23,000.

Answer Link

30202710 30202710

20-02-2022

Answer:

Below(R 230000)

Step-by-step explanation:

14,000(1+10x+5/100)=21,000

but after 60 months 10 percent intrest so

23,000.

Answer Link

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