document.write( "Question 1013972: When buying an item on hire purchase of an item being sold at $500 you are given to make a deposit of $150 and 12 monthly installments of $50. Calculate how much will you pay in hire purchas?
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Algebra.Com's Answer #630363 by ankor@dixie-net.com(22740)![]() ![]() You can put this solution on YOUR website! When buying an item on hire purchase of an item being sold at $500 you are given to make a deposit of $150 and 12 monthly installments of $50. \n" ); document.write( " Calculate how much will you pay in hire purchase? \n" ); document.write( ": \n" ); document.write( "Find how much you actually pay \n" ); document.write( "150 + 12(50) = $750 \n" ); document.write( ": \n" ); document.write( "The item could have been bought with $500 cash, therefore \n" ); document.write( "750 - 500 = $150 you paid so you could purchase it on time. \n" ); document.write( " |