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Mrs. Beth wants to buy a flat screen television set on hire purchase. The cash price is Kshs. 28,000. She can pay the cash price...

Mrs. Beth wants to buy a flat screen television set on hire purchase. The cash price is Kshs. 28,000. She can pay the cash price or make a down payment of Kshs. 8,000 and 15 monthly instalments of Kshs. 2,000 each. Calculate the rate of compound interest charged per month.

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Kavungya answered the question on November 12, 2019 at 08:46

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Date posted: November 11, 2019 . Answers (1)
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