Calculate the cash price of the washing machine

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Jimmy bought a washing machine under a hire purchase agreement. He pays RM150 a month for 24 months. He is charged a flat rate of 10% per annum.

Problem a. calculate the cash price of the washing machine

Problem b. If he wants to settle his debt immediately after making the tenth payment, find the amount he should pay under the Rule of 78.

Reference no: EM133011189

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