A dining room set is being sold for $2950 if bought cash. The set can be bought on hire purchase by making a down payment of $850 followed by 15 monthly payments of $220 each. Calculate:
a. the total installments paid
b. the hire purchase
c. the amount saved by paying cash
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Answer:
a.)Rs 3300
b.)Rs 4150
c.)Rs 1200
Step-by-step explanation:
15 × 220 = 3300
3300 + 850 = 4150
4150 - 2950 = 1200
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