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Question 42 - CTAL discussion

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A Car sales company is financing their customers' vehicles. Financing interest rates are as follows:

(I) For all motorcycles:

a) Customer Credit score 300 - 550

# Annual income US$ 40K-80K - Interest rate 15%

# Annual income US$ 81K-100K- Interest rate 12 %

# Annual income US $ 101K or more - Interest rate 9 %

b) Customer Credit score 551- 680

# Annual income US$ 40K-80K - Interest rate 12%

# Annual income US$ 81K-100K- Interest rate 9 %

# Annual income US $ 101K or more - Interest rate 7 %

c) Customer Credit score 681 or more

# Annual income US$ 40K-80K - Interest rate 10%

# Annual income US$ 81K-100K-Interest rate 6

# Annual income US $ 101K or more - Interest rate 5 %

(II) For all other vehicles the interest rate is 1 % less (from the values given above) for each category mentioned.

a) Ex: Customer Credit score 300 - 550 Annual income US$ 40K-80K - Interest rate 14% and so on.Select the correct decision table from the decision tables given below for the above scenario

A.
Option
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A.
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B.
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B.
Option
C.
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C.
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D.
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D.
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Suggested answer: A
asked 18/09/2024
Jimmy Wasson
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