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12-02-2021
Mathematics

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A computer costing £500 is bought and paid for in twelve monthly instalments with an interest rate of 20% added onto the purchase price. How much is each monthly installment?

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12-02-2021

Answer:

£600

Step-by-step explanation:

200% of 500 is 100

500 + 100 = £600

Note:

you would have to pay £50 a month

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