The cash price of a cooker is Ksh 27500. A customer opts to buy the cooker on hire purchase terms by paying a deposit of Ksh 17250. Determine the monthly rate of compound interest charged on the balance if the customer is required to repay by six equal mo - ATIKA SCHOOL

The cash price of a cooker is Ksh 27500. A customer opts to buy the cooker on hire purchase terms by paying a deposit of Ksh 17250. Determine the monthly rate of compound interest charged on the balance if the customer is required to repay by six equal mo - ATIKA SCHOOL