Mr Chan borrows $100 000 from a friend at an interest of 10% p.a. for 5
years on simple interest
If Mr Chan plans to repay the amount by monthly instalments in 5 years, how
much does Mr Chan have to repay each month?
Ans : $2500
Pls teach me the step pls!
F3 Maths (Simple Interest) 20
2008-10-01 4:34 pm
回答 (2)
2008-10-01 4:39 pm
✔ 最佳答案
After Five years, Mr Chan has to repay 100000*(1+10%*5)i.e. $150000
There are 60 months in 5 years
So just simply 150000 divided by 60...you will get 2500
2008-10-01 4:45 pm
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原文連結 [永久失效]:
https://hk.answers.yahoo.com/question/index?qid=20081001000051KK00389