A car is purchased on hire-purchase. The cash price is $21 000 and the terms are a deposit of 10% of the price, then the balance to be paid off over 60 equal monthly installments. Interest is charged at 12% p.a. What is the monthly installment?MATH / By admin / May 27, 2022 May 27, 2022 A $503 B $504 C $505 D $506 Answer Detail No Details