Question 1
9 marks
Savings, then a car loan: compound interest and repayments
- Number and algebra
(a)
3 marks
Six years is 72 months.
(b)
2 marks
Solve for .
(c)
1 mark
The car costs $22 000 and the partial payment is $3550.
(d)
3 marks
Use the finance solver with , , , , 12 payments a year.

