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Class 8 Math MCQs – Certification Test 52

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MCQ 52: The television is priced at $10,000. A deposit of 16% on simple interest of 11% per year over 2 year and repayments paid monthly then the additional amount to pay in 24 monthly installments after deposit is:

  1. $10,248
  2. $11,248
  3. $13,248
  4. $14,248
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