Mathematics, 17.11.2020 05:30 jdd0518

Stephen bought a car for $12 400 on the following terms: 15% deposit, 18% annual interest, repayments made monthly for 2 years (a) How much was the deposit?
(b) What was the balance owing after payment of the deposit?
(c) How much interest was charged on the balance?
(d) What was the total amount of Stephen’s repayments over the 2 years?

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Stephen bought a car for $12 400 on the following terms: 15% deposit, 18% annual interest, repayment...