A Xerox machine is available for Rs. 78000 cash or for 33-% cash. down payment and 11 equal monthly instalments of Rs. 4900 each. Calculate the rate of interest charged.

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter7: Exponents And Exponential Functions
Section: Chapter Questions
Problem 68SGR
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A Xerox machine is available for Rs. 78000 cash or
for 33-% cash. down payment and 11 equal monthly
3
instalments of Rs. 4900 each. Calculate the rate of interest
charged.
Transcribed Image Text:A Xerox machine is available for Rs. 78000 cash or for 33-% cash. down payment and 11 equal monthly 3 instalments of Rs. 4900 each. Calculate the rate of interest charged.
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