6) Aleem borrows $9000.00 from the bank at 6% per annum simple interest. The loan is to be repaid in 4 years. What will be the amount of each monthly installment Alcem will be required to pay? (A) S 45.

6) Aleem borrows $9000.00 from the bank at 6% per annum simple interest. The loan is to be repaid in 4 years. What will be the amount of each monthly installment Alcem will be required to pay?

(A) S 45.00

(B) $ 180.00

(C) $187.50

(D) $ 232.50

1 Answer

6) Aleem borrows $9000.00 from the bank at 6% per annum simple interest. The loan is to be repaid in 4 years. What will be the amount of each monthly installment Alcem will be r…

Please log in or register to add a comment.

Please log in or register to answer this question.

1 Answer

Please log in or register to add a comment.

Related questions

Categories

Other Questions