Kevin borrows $7500 to be paid back at 12.5% p.a. monthly reducible over a period of 7
years. What is the amount of each monthly instalment and what is the total interest
charged on the loan. Find the equivalent flat rate of interest.

Question

Eiwoh2 · Answer

We might need to see answer choices.

kittybasil · Answer

I don't think this needs answer choices, but that's me.
However, I do not know how to calculate interest very well.

@SmokeyBrown ?