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harry buys a sofa set that costs$2,000.he pays for it with 12 month installments. how much will he pay each month? if he has to pay5%in interest how much will he pay in all for the sofa set?
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Apr 18, 2019
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harry buys a sofa set that costs$2,000.he pays for it with 12 month installments. how much will he pay each month? if he has to pay5%in interest how much will he pay in all for the sofa set?
Mathematics
middle-school
Jadhachem
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interest = 5% x 2000 = 0.05 x 2000 = $100
Total amount = $2000 + $100 = $2100
Month instalment = $2100 ÷ 12 = $175
Answer: $175 each month. Total amount paid = $2100
Parker Kemp
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Apr 24, 2019
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Parker Kemp
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