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Louis buys a handphone priced at $750 under an instalment plan. He does not need to make any down payment. He pays by 5 equal monthly instalments at a simple interest rate of 10…

Louis buys a handphone priced at $750 under an instalment plan. He does not need to make any down payment. He pays by 5 equal monthly instalments at a simple interest rate of 10…
asked 176k views
2 votes
Louis buys a handphone priced at $750

under an instalment plan. He does not need
to make any down payment. He pays by
5 equal monthly instalments at a simple
interest rate of 10% per annum. How much is
each monthly instalment?​

asked
User Frank Sposaro
by
8.6k points

2 Answers

2 votes

Answer:$150

Step-by-step explanation:$150x5=$750

answered
User Augustin R
by
8.3k points
1 vote

Answer: $153.77

Explanation:

Pls see attached formula

Louis buys a handphone priced at $750 under an instalment plan. He does not need to-example-1
answered
User Adam Hamilton
by
7.8k points
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