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Question 11 According to the pricelist published in the website of Apple, the cash price of their latest model, iPhone 12, costs 43,990 php. Using a credit card for the purchase gives an option to pay 1,902.44 php monthly for 24 months with an interest computed at 3.6% compounded monthly with no down payment needed. If this payment scheme was chosen for the purchase, how much interest was paid in buying the new iPhone model? 1,668.57 php 1,902.44 php © 1,775.78 php 1,896.75 php

Question 11 According to the pricelist published in the website of Apple, the cash price of their latest model, iPhone 12, costs 43,990 php. Using a credit card for the purchase gives an option to pay 1,902.44 php monthly for 24 months with an interest computed at 3.6% compounded monthly with no down payment needed. If this payment scheme was chosen for the purchase, how much interest was paid in buying the new iPhone model? 1,668.57 php 1,902.44 php © 1,775.78 php 1,896.75 php

Algebra and Trigonometry (6th Edition)
Algebra and Trigonometry (6th Edition)
6th Edition
ISBN:9780134463216
Author:Robert F. Blitzer
Publisher:Robert F. Blitzer
ChapterP: Prerequisites: Fundamental Concepts Of Algebra
Section: Chapter Questions
Problem 1MCCP: In Exercises 1-25, simplify the given expression or perform the indicated operation (and simplify,...
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Question 11 According to the pricelist published in the website of Apple, the cash price of their latest model, IPhone 12, costs 43,990 php. Using a credit card for the purchase gives an option to pay 1,902.44 php monthly for 24 months with an interest computed at 3.6% compounded monthly with no down payment needed. If this payment scheme was chosen for the purchase, how much interest was paid in buying the new iPhone model? A) 1,668.57 php 1,902.44 php © 1,775.78 php 1,896.75 php Question 12
Transcribed Image Text:Question 11 According to the pricelist published in the website of Apple, the cash price of their latest model, IPhone 12, costs 43,990 php. Using a credit card for the purchase gives an option to pay 1,902.44 php monthly for 24 months with an interest computed at 3.6% compounded monthly with no down payment needed. If this payment scheme was chosen for the purchase, how much interest was paid in buying the new iPhone model? A) 1,668.57 php 1,902.44 php © 1,775.78 php 1,896.75 php Question 12
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