7
Q:
A) $503 | B) $504 |
C) $505 | D) %506 |
Answer: B) $504
Explanation:
Explanation:
Cash price = $21 000
Deposit = 10% × $21 000 = $2100
Loan amount = $21000 − $2100 = $18900
I=p x r x t/100
I=11340
Total amount = 18900 + 11340 = $30240
Regular payment = total amount /number of payments