contestada

The cost price of a scooter is R15000 Uviwe paid 15% of the amount in cash and signed a hire purchase agreement to pay the balance 24equal monthly installments The interest rate is. 10%per annum


How much did he pay in cash?
What was the total amount he paid for the scooter?

Respuesta :

The amount paid in cash is R2250 and the total amount he paid for the scooter is R17550.

How to calculate the amount?

Cost price = R15000

Amount paid = 15% × R15000 = R2250

Therefore, the interest on the remaining amount will be:

= (12750 × 10 × 2)/100

= 2550

The total cost will be:

= 15000 + 2550

= 17550

Learn more about price on:

brainly.com/question/1153322

#SPJ1

Otras preguntas