saysesame
Member
I have a test tomorrow and I'm still confused about this.
Q: A and B buy a $1200 BBQ on a deferred payment plan, no deposit required. They pay nothing for 6 months and then they pay 18 monthly payments of $90. How much extra did A and B pay and what is the flat rate of interest charged?
How does one do the question when the IS deposit? Can someone show me the steps?
Thank you!
Q: A and B buy a $1200 BBQ on a deferred payment plan, no deposit required. They pay nothing for 6 months and then they pay 18 monthly payments of $90. How much extra did A and B pay and what is the flat rate of interest charged?
How does one do the question when the IS deposit? Can someone show me the steps?
Thank you!