A computer can be bought on hire purchase by making a deposit of the 15% on the marked price which is $2975...

[Safari]

A computer can be bought on hire purchase by making a deposit of the 15% on the marked price which is $2975. Interest which is equivalent to 15% of the outstanding balance is charged. The amount payable is paid in 12 equal monthly instalments.

(a) Calculate for the freezer:

(i) the deposit

(ii) the amount of each instalment

(iii) the hire purchase price.

(b) If a discount of 12% is given for cash, calculate:

(i) the cash price

(ii) the difference between the hire pur- chase price and the cash price

(iii) the difference as a percentage of the marked price

 

[blamocur]

READ BEFORE POSTING

Welcome to FreeMathHelp.com! Please take the time to read the following before you make your first post. It will help you to get your math questions answered promptly and in the most helpful manner. A summary is available here, but please read the complete guidelines below at your earliest...

www.freemathhelp.com

 

[stapel]

A computer can be bought on hire purchase by making a deposit of the 15% on the marked price which is $2975. Interest which is equivalent to 15% of the outstanding balance is charged. The amount payable is paid in 12 equal monthly instalments.

(a) Calculate for the freezer:

(i) the deposit

(ii) the amount of each instalment

(iii) the hire purchase price.

(b) If a discount of 12% is given for cash, calculate:

(i) the cash price

(ii) the difference between the hire pur- chase price and the cash price

(iii) the difference as a percentage of the marked price

(a) What is a "freezer"? How does this relate to the computer that is being purchased?

(b) How does the "cash price" relate to the "marked price"?

When you reply, please include a clear listing of your thoughts and efforts so far. Thank you!

Eliz.