martinkulevski martinkulevski
  • 08-08-2021
  • Mathematics
contestada

A motorbike is for sale at $13000. Finance is available at $3000 deposit and monthly
repayments of $520 for 4 years. What is the interest paid?

Respuesta :

musiclover10045
musiclover10045 musiclover10045
  • 08-08-2021

520 x 12 months x 4 years = 24960

24960 + 3000 deposit = 27,960 total paid.

27,960 - 13,000 = 14,960 total interest paid

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