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Mathematics, 26.03.2021 03:50 lucinda90

Michael, a farmer, wants to buy a new tractor. The price of the tractor is R160000, VAT excluded. He can afford a deposit of R20000. 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?​

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Michael, a farmer, wants to buy a new tractor. The price of the tractor is R160000, VAT excluded. He...
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