Leighton27
New member
Joseph buys a $3600 lounge suite from a store on hire purchase. He pays a 5% deposit, then pays the balance off monthly over 2 years at a flat interest rate of 10%.
A) What is the balance that he must pay back, including interest?
It says the answer is somehow $4104.
A) What is the balance that he must pay back, including interest?
It says the answer is somehow $4104.