A computer system is priced at $3200. A man buys the computer system on hire purchase according to the following terms: a

A computer system is priced at $3200. A man buys
the computer system on hire purchase according
to the following terms: a down payment of $480
and the remaining to be paid in monthly
instalments over 2 years at a simple interest rate of
9.5% per annum.
(i) Find his monthly instalment.
(ii) Find the total amount the man pays for the
computer system.
(iii) How much more does he have to pay
for
buying the computer system on hire purchase?
dollar

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