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(b) The list price of a television set is [tex]$1,600.00. It can be purchased by a deposit of $[/tex]400.00 and the rest of
the amount paid by 12 monthly instalments at 25% per annum simple interest. If the television set is
purchased by instalments, find the total cost.

(b) The list price of a television set is [tex]$1,600.00. It can be purchased by a deposit of $[/tex]400.00 and the rest of
the amount paid by 12 monthly instalments at 25% per annum simple interest. If the television set is
purchased by instalments, find the total cost.

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