Kate takes out a 5 year loan for $3000 at a simple interest rate of 12.5% p.a. how much is each inst

Jane Asked: Kate takes out a 5 year loan for $3000 at a simple interest rate of 12.5% p.a. how much is each inst

Kate takes out a 5 year loan for $3000 at a simple interest rate of 12.5% p.a. If the repayments are to be paid in EQUAL monthly installments, how much is each installment?

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