Ai Lin decided to buy Dyson hair dryer set for RM 1,700 and agree to pay for it with 18 equal monthly payments at 2% interest compounded monthly.
(i) Determine the monthly payment.
(ii) Find the total interest paid.

Question

01-12-2022
Math

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Ai Lin decided to buy Dyson hair dryer set for RM 1,700 and agree to pay for it with 18 equal monthly payments at 2% interest compounded monthly.
(i) Determine the monthly payment.
(ii) Find the total interest paid.

Sagot :

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