MCQOPTIONS
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| 1. |
The television is priced at $10,000. A deposit of 16% on simple interest of 11% per year over 2 year and repayments paid monthly then the additional amount to pay in 24 monthly installments after deposit is |
| A. | $10,248 |
| B. | $11,248 |
| C. | $13,248 |
| D. | $14,248 |
| Answer» B. $11,248 | |