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# If there is a total of 104 weekly instalments and a third deposit, find the interest charged

The answer of If there is a total of 104 weekly instalments and a third deposit, find the interest charged

A. 237.55

B. 337

C. 443

D. 334

Cash price = \$3695

Deposit =1/3 of \$3695

= \$1231.67

Loan amount = \$3695.00 − \$1231.67

= \$2463.33

Total cost of loan = \$25.97 × 104

= \$2700.88

Interest charged = total amount − loan

I = A − P

= 2700.88 − 2463.33

= 237.55

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interest Mcqs calculations of Arithmetic Ability with easy and logical explanations.
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