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Year 10 Maths Advanced Earning Money

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Questions
Question 1
112305

Peter buys a used car by paying 15% deposit and $280 per month for 3 years. If the cash price of the car was $9400, find

i) The interest charged.

ii) the flat interest rate (p.a.) correct to one decimal place. 

i) $2090

ii) 8.7%

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