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A motorbike is for sale at $13000. Finance is available at $3000 deposit and monthly repayments of $520 for 4 years. What is the interest paid?
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A motorbike is for sale at $13000. Finance is available at $3000 deposit and monthly

repayments of $520 for 4 years. What is the interest paid?

User Jean Waghetti
by
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1 Answer

4 votes

520 x 12 months x 4 years = 24960

24960 + 3000 deposit = 27,960 total paid.

27,960 - 13,000 = 14,960 total interest paid

User Amreesh Tyagi
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