Interactive practice questions
Fred needs to source the below equipment for his work as a tiler, but doesn’t have the necessary funds.
| drill | tile cutter | polisher | circular saw |
|---|---|---|---|
| $\$250$$250 | $\$300$$300 | $\$500$$500 | $\$600$$600 |
If Fred was able to pay by cash, what would the total cost be?
Fred uses a installment plan at a simple interest rate of $7%$7% p.a. to pay for the equipment. If he pays $9$9 equal monthly instalments, how much more, to the nearest cent, does he pay than if he had paid cash?
Valentina takes out a personal loan to purchase a motorbike valued at $\$5000$$5000. The loan has an interest rate of $22.8%$22.8% p.a., compounded monthly. Give all answers to the nearest cent.
The sale price of a bike is $800$800 dollars. Vincent chooses to purchase the item on credit card, with $16$16 days interest free. His card has an interest rate of $14%$14% per annum, compounded daily.
Skye purchases the following items online with $9$9 days of her interest free period left.