Reducing-Balance Loans

Quiz Details

Topics covered

  • Q 1 Past HSC Questions- By Topic - Reducing-Balance Loans

  • Q 2 Past HSC Questions- By Topic - Reducing-Balance Loans

  • Q 3 Past HSC Questions- By Topic - Reducing-Balance Loans

Question 1
HSC 2015 - Question 29b (External Link) Show Question
Answer

$100 480 less

Worked Solution

\begin{aligned}\text { From the graph}& \text{ Jamal paid 8 years earlier } \\\text { Savings }&=8 \times 12 \times 1880 \\&=\$ 180480 \\\text { Amount saved }&=\$ 180480-\$ 80000 \\&=\$ 100480 \\\text { Jamal paid } &\$ 100480 \text { less. }\end{aligned}

Question 2
HSC 2017 - Question 28c (External Link) Show Question
Answer
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Worked Solution
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Question 3
HSC 2016 - Question 27d (External Link) Show Question
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