Mathematics, 17.10.2021 06:40 ladybugys
A man took a loan of GHC 1,800.00 at an interest of 12½ percent per annum.
It was agreed that the loan and interest must be paid in one-year monthly installment.
Calculate
a) the interest of the loan.
b) the amount to be paid at the end of the year.
c) the monthly installment.
A persuasive question. Please help.
Answers: 1
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A man took a loan of GHC 1,800.00 at an interest of 12½ percent per annum.
It was agreed that the...
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