Ischa has 10% equity to buy a car costing K96000. She can apply for a loan from Kina Bank to buy the car from Ela Motors.

Ischa has 10% equity to buy a car costing K96000. She can apply for a loan from Kina Bank to buy the car from Ela Motors. On repayment of loan, she pays 10%GST on the loan. How much is Ischa’s equity?​

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