An item that costs sh 24000 cash can be bought on hire purchase. A customer pays sh 6000 as deposit and then makes 6 monthly instalments...

An item that costs sh 24000 cash can be bought on hire purchase. A customer pays sh 6000
as deposit and then makes 6 monthly instalments of sh 3500 each. Calculate the monthly rate
of compound interest, giving your answer to 1 d.p.

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sharon kalunda answered the question on May 22, 2019 at 14:51

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