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A large flat screen TV costs $999. Josh agrees to pay $100 deposit and 12 monthly payments of $100.
Calculate the total amount of interest Josh will pay.
What rate of interest was he charged?

Respuesta :

Answer:

TOTAL AMOUNT=$1300

interest =30.13%

Step-by-step explanation:

[tex]total amount =Deposit+ MP\\TA= 100+(100*12)\\TA=1300\\Interest= \frac{1300-999}{999}*100= 30.13[/tex]

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