BMW Oman is announced National day to its customers for a limited period. The offer is available for both citizens and residents with fixed monthly income. The offer is part of the company's sale promotion campaign in the whole November month. The following were offered to you; i) BWM 2021, 325i cash price OMR 15000; down payment OMR 1000 and the balance will be paid with 24 equal monthly payments of OMR 606. If you are interested to buy the car, how much you have to pay as deferred payment for the car. ii) BWM 2021, X5 cash price OMR 20,000; down payment OMR 2,000 and the balance will be paid with 24 equal monthly payments of OMR 300. If you are interested to buy the car, how much you have to pay as deferred payment for the car. iii) Compare the finance charges of the above two options and suggest the best one for the car buyers. iv) Mr. Ahmed is a businessperson decided to buy the same car with ready cash (OMR 15,000) since his income was not regular. Therefore, he borrowed money from a moneylender at the simple interest rate of 3 % for two years. How much he has to pay after two years to the moneylender