Mathematics, 14.04.2021 14:00 vaeh41

3.4. Michael, a farmer, wants to buy a new tractor. The price of the tractor is R160 000, VAT
excluded. He can afford a deposit of R20 000. He decides to buy the tractor on hire
purchase over a period of 60 months and simple interest of 10%. What would he pay in
total after 60 months?
(4)

3.4.

Michael, a farmer, wants to buy a new tractor. The price of the tractor is R160 000, VATexcl

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3.4. Michael, a farmer, wants to buy a new tractor. The price of the tractor is R160 000, VATexcluded. He can afford a deposit of R20 000. He decides to buy the tractor on hirepurchase over a period of 60 months and simple interest of 10%. What would he pay intotal after 60 months?(4)​

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Another question on Mathematics

3.4. Michael, a farmer, wants to buy a new tractor. The price of the tractor is R160 000, VAT
excluded. He can afford a deposit of R20 000. He decides to buy the tractor on hire
purchase over a period of 60 months and simple interest of 10%. What would he pay in
total after 60 months?
(4)