Alex wants to buy a PlayStation. He can only afford to pay R500 per month. He wants to take out a hire purchase loan over 24 months at an interest rate of 15% p.a.

Calculate the price of the PlayStation he can afford.



Answer :

Answer:

R13 800

Step-by-step explanation:

R500×24months=12000

12×15÷100=1800

12000+1800=13800

Other Questions