Question

3. For each of the following, find
(i) the monthly instalment,
(ii) the difference in the hire purchase price and
the cash price as a percentage of the cash price.
Cash
Hire Purchase terms
Price
(a) $800 $100 deposit, simple interest of 8%, 1 year
$3200 deposit, simple interest of 10%
(b) $8000
2
$200 deposit, simple interest of 15%
(c) $1200
1 year
2 years $4800​

Answer 1

Answer:

the monthly instalment

$800

$12002years