1
Ischa has 10% equity to buy a car costing K96 000. She can apply for a loan
from Kina Bank t...
Mathematics, 17.06.2021 14:00 feastershevill
1
Ischa has 10% equity to buy a car costing K96 000. She can apply for a loan
from Kina Bank to buy the car from Ela Motors. On repayment of loan. she pays
10% GST on the loan to the Kina Bank
Calculate the following
(a
Amount of equity Ischa has
(1 mark)
(b)
How much in loan does Ischa apply for?
(1 mark)
(C)
How much in kina is the 10% GST?
(1 mark)
Without the interest charged on the loan. what is the total amount ischa
has to pay?
(1 mark)
Answers: 3
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