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Ahmed bought a car for RO 11,000. He made a down payment of RO 1,000 and the remaining amount financed by Bank Muscat. Ahmed paid
Ahmed bought a car for RO 11,000. He made a down payment of RO 1,000 and the remaining amount financed by Bank Muscat.
Ahmed paid RO 100 monthly for 120 months to Bank Muscat. What is the total finance charge that Ahmed paid at the end of the 120 months?
a.
None of the options
b.
RO 2,000
c.
RO 1,200
d.
RO 1,000
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