1) Angeline bought an RM8,000 hi-fi set through an instalment
plan. She has to pay RM4,000...
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Advance Math
1) Angeline bought an RM8,000 hi-fi set through an instalmentplan. She has to pay RM4,000 down payment and 10 monthly paymentsof RM450 each. By using the Constant Ratio formula, find:
a) The total interest charged.
b) The instalment price.
c) The simple interest rate charged.
d) The approximate effective rate.
2) A loan of RM5,000 for 20 months at 10% per annum simpleinterest rate was settled by making 20 monthly payments. Find theoutstanding principal just after the eighth payment by using theRule of 78.
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the cost for which angeline bought hifi set 8000 rmthe amount is paid as down payment 4000 rmthereforethe original balance due cost
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