Sally took a loan of 18000 Rial from S.R Finance to purchase a TV set. If the company charges Simple interest at 8% during the first 2 years, and 10% during the rest, how much will she have to pay after 5 years?

Intermediate Algebra
19th Edition
ISBN:9780998625720
Author:Lynn Marecek
Publisher:Lynn Marecek
Chapter2: Solving Linear Equations
Section2.2: Use A Problem Solving Strategy
Problem 2.53TI: Eduardo noticed that his new car loan papers stated that with a 7.5% simple interest rate, he would...
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Sally took a loan of 18000 Rial from S.R Finance to purchase a TV set. If the company charges
Simple interest at 8% during the first 2 years, and 10% during the rest, how much will she have to
pay after 5 years?

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