(a) Mr Sarfo borrowed $25,000 from Afiak financial services at 21% simple interest per annum for 3 years if he was able to pay back the loan in two years at equal yearly installments how much did he pay each year?

(b) Two consecutive numbers are such that the sum of thrice the smaller and twice the larger is 17.

find correct through three significant figures the smaller number as a percentage of the sum of the two numbers

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Discussions (7)

unsani03
1 year ago

how did he get 4

fawasalaba
2 years ago

How did They get the 225000

Alex100
2 years ago

Why is it that there are only one question on financial arithmetic

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