Mathematics, 08.03.2020 17:10 tay8963

Michael, a farmer, wants to buy a new tractor. The price of the tractor is R160 000, VAT
excluded. He can afford a deposit of R20 000. He decides to buy the tractor on hire
purchase over a period of 60 months and simple interest of 10%. What would he pay in
total after 60 months?

Answers: 1

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Michael, a farmer, wants to buy a new tractor. The price of the tractor is R160 000, VAT
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Michael, a farmer, wants to buy a new tractor. The price of the tractor is R160 000, VAT excluded. He can afford a deposit of R20 000. He decides to buy the tractor on hire purchase over a period of 60 months and simple interest of 10%. What would he pay in total after 60 months?

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Michael, a farmer, wants to buy a new tractor. The price of the tractor is R160 000, VAT
excluded. He can afford a deposit of R20 000. He decides to buy the tractor on hire
purchase over a period of 60 months and simple interest of 10%. What would he pay in
total after 60 months?