Question

3) A television is advertised for $2000 cash or on terms of 10% deposit and $80...

3) A television is advertised for $2000 cash or on terms of 10% deposit and $80 per month for 3 years.

a) How much more does the television cost when bought on a term payment plan rather than with cash?

b) What is the percentage flat rate of interest charged p.a.?

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