• Congratulations to the Class of 2024 on your results!
    Let us know how you went here
    Got a question about your uni preferences? Ask us here

Urgent clarification needed for Consumer Arithmetic please! (1 Viewer)

saysesame

Member
Joined
Mar 3, 2012
Messages
74
Location
Sydney, NSW
Gender
Female
HSC
2014
I have a test tomorrow and I'm still confused about this.

Q: A and B buy a $1200 BBQ on a deferred payment plan, no deposit required. They pay nothing for 6 months and then they pay 18 monthly payments of $90. How much extra did A and B pay and what is the flat rate of interest charged?

How does one do the question when the IS deposit? Can someone show me the steps?
Thank you! :)
 

bladeys

Member
Joined
Sep 11, 2011
Messages
304
Gender
Female
HSC
N/A
I have a test tomorrow and I'm still confused about this.

Q: A and B buy a $1200 BBQ on a deferred payment plan, no deposit required. They pay nothing for 6 months and then they pay 18 monthly payments of $90. How much extra did A and B pay and what is the flat rate of interest charged?

How does one do the question when the IS deposit? Can someone show me the steps?
Thank you! :)
You sure you typed this up correctly? I dont see the difference between what A is doing and B is doing with regards to their payments for the BBQ
 

Users Who Are Viewing This Thread (Users: 0, Guests: 1)

Top