The marked price of a car is $49 500. A person can pay a deposit of 30% and simpleinterest at 12% per annum is charged on the outstanding balance. The total amountpayable is to be paid years.Calculate:(i) The amount of each instalment(ii) The hire purchase price of the car.(b) The total amount of $49 500 borrowed from the bank at 11% per annum for a periodof 3 years.Calculate:(i) The total amount to be repaid to the bank(ii) The amount of each monthly instalment

A car is available for 4,98,200 cash payment or 60,000 cash down payment followed by three equal annual instalments. If the rate of interest charged 14% per annum compounded yearly, then total interest charged in the instalment plan is (Given P(2,0.14) 2.32163): a. 21,46,314 C. 1,28,040 b. 1,46,137 d. 1,58,040

Samar leased a car worth Rs 1,547,000 with a down payment of 50%. If the rate of simple interest onthe remaining amount is 7% per annum for a period of 2 years, find thea. total interest Samar pays in 2 years. (2 Marks)b. total cost of the car.

Will has started work but needs a car to travel from home. He uses a financecompany loan to buy a $12,000 used electric car. The loan has a term of fiveyears, with an interest rate of 9.5%. The monthly repayments are $252.a. Work out the total cost of the car over five years.b. Calculate the total amount Will will pay in interest over the five year termof the loan.c. Use the Sorted.org debt calculator to explore how much money Will couldsave if he increases the monthly payment to $282.

Jackson decided to take out a car loan for the next three years. The car is selling at $39,000 with a down payment of $12,000. The car dealership provides Jackson with the option of repaying the loan in equal instalments at the end of each month, at an interest rate of 22% p.a. compounding monthly. Calculate the amount of money Jackson needs to pay each month and round your answer to 2 decimal places.

(a) $855 simple interest was paid when $4500 was invested at 4.75% per annum.Determine the period of investment.(b) Mrs. Woods borrowed a sum of money from a bank at 12.5% per annum for 6 yearsand paid $6375 simple interest. Calculate the sum of money mrs. Wood borrowedfrom the bank.(c) The simple interest on $15 000 for years is $4950. Calculate the rate percent perannum.