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Leon's Advertised a "No Payment, No Interest" Plan for One

Question 80

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Leon's advertised a "No payment, No interest" plan for one year on all their dining set. Hab bought a dining set for $4520 plus 13% HST and an administration fee of $99 on 14 May 2016. On the same day, Sally bought the same dining set, paid the amount in full, but convinced the general manager of the store to give her a discount based on Canada's inflation rate, which is translated into a money worth of 2%. What did Sally pay?

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S = $4520; r = 2%; t...

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