Malik receives a pocket money of RM 150 every month from his father. He wants to buy a laptop with the price of RM 2 300 and his father agrees to pay 20% of the laptops price. Calculate the duration of time needed by Malik to buy the laptop if he saves RM 80 every month from his pocket money.

FINANCIAL MANAGEMENT

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

Malik receives a pocket money of RM 150 every month from his father. He wants to buy a laptop with the price of RM 2 300 and his father agrees to pay 20% of the laptop’s price. Calculate the duration of time needed by Malik to buy the laptop if he saves RM 80 every month from his pocket money.

A	2 years and 5 months
B	1 year and 11 months
C	1 year and 1 month
D	11 months

Explanation:

There is 1 question to complete.

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