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1 . Donald purchased a television set at RMX based on an installment scheme at Trexx Sdn Bhd . He paid RM 1 1 1

1. Donald purchased a television set at RMX based on an installment scheme at Trexx Sdn Bhd. He paid RM111 as a down payment. The shop charged him an interest of 3.33% per annum based on original balance. He has to pay RM222 per month for 2 years. Determine X, if X is a cash price. (7 marks)
2. A man purchased a car selling for RM12,750 cash by making instalment payments. If he was charged 4% based on the reducing balance and the total interest paid was RM1,041.25, calculate the number of monthly payments he had made by using the Constant Ratio formula. (6 marks)

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