Mathematics, 23.03.2021 16:40 patworsley
The cash price of a bicycle is $219.95. It can be bought on hire purchase by making a deposit of $69.00 and 10 monthly instalments of $28.50 EACH.(i) What is the TOTAL hire purchase price of the bicycle? [3 marks]
(ii) Calculate the difference between the total hire purchase price and the cash price. [1 mark]
(iii) Express your answer in (ii) above as a percentage of the cash price.[2 marks]
Answers: 3
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The cash price of a bicycle is $219.95. It can be bought on hire purchase by making a deposit of $69...
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