SophiahH691711 SophiahH691711

25-10-2022
Mathematics

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cash price:$ 2,200Down payment:$800Insalment: 18 monthly instalments of $150 each. The total interest on hire purchase was$____.×

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MaddilynO498876 MaddilynO498876

25-10-2022

Answer:

The total interest on hire purchase was $1300

Explanation:

Given a cash price of $2,200, a down payment of $800, and instalment of $150 each, the total interest on hire purchase is given as:

[tex]\lbrack800+18(150)\rbrack-2200=1300[/tex]

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