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Sandy bought a television through an instalment plan. The cash price of the television is RM4,000. She paid RM550 as a down payment. The balance
Sandy bought a television through an instalment plan. The cash price of the television is RM4,000. She paid RM550 as a down payment. The balance was settled by making 20 monthly payments of RM190. If the interest rate charged was 10% per annum on the original balance, find
a) the instalment price.
b) the outstanding balance after the 10th payment using the Rule of 78.
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