Mathematics, 17.10.2021 06:40, ladybugys

A man took a loan of GHC 1,800.00 at an interest of 12½ percent per annum. It was agreed that the loan and interest must be paid in one-year monthly installment.

Calculate

a) the interest of the loan.

b) the amount to be paid at the end of the year.

c) the monthly installment.

A persuasive question. Please help.

Answers: 1

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A man took a loan of GHC 1,800.00 at an interest of 12½ percent per annum. It was agreed that the...