the car cost R 189995

The simple interest rate for both 48 months and 54 months options, is 13,5% per annum. A deposit of 20% is also required for both options. 3.1 Calculate the deposit required. 3.2 (a) Calculate the balance owed. (b) Calculate the total amount that Mr Petersons will eventually have to pay for both options after the deposit has been paid. The simple interest rate for both 48 months and 54 months options, is 13,5\% per annum. A deposit of 20% is also required for both options. 3.1 Calculate the deposit required. 3.2 (a) Calculate the balance owed. (b) Calculate the total amount that Mr Petersons will eventually have to pay for both options after the deposit has been paid