Yahoo Answers is shutting down on May 4th, 2021 (Eastern Time) and beginning April 20th, 2021 (Eastern Time) the Yahoo Answers website will be in read-only mode. There will be no changes to other Yahoo properties or services, or your Yahoo account. You can find more information about the Yahoo Answers shutdown and how to download your data on this help page.
Trending News
Maths Help!!!! 10 points for the first correct answer?
Paul wants to purchase a plasma screen TV. The TV costs $5000 which Paul will need to borrow. He is considering 2 deals.
The retail store selling the TV offers Paul a deal whereby he makes repayments of $250 per month for 2 years.
(i) what would paul pay in total if he accepted this deal?
(ii) what annual flat rate of interest would paul be charged under this deal (show all working)
2 Answers
- BattleaxeLv 710 years agoFavorite Answer
i) The total of his payments will be 24(250) = $6000
ii) The $1000 interest he is paying is 20% of the total, but over 2 years.
This is equivalent to 10% simple interest per year.
- .--
