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Answered

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A person buys furniture set on hire purchase with a 25% down payment and 6 monthly instalments of $100 each. If the cash price is $900, calculate the additional amount.​


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Sagot :

Answer:

$75

Step-by-step explanation:

The down payment on the furniture set is 25% of the cash price, which is 0.25 * $900 = $225.

The total amount paid through monthly installments is 6 * $100 = $600.

Therefore, the additional amount paid through hire purchase is $225 (down payment) + $600 (monthly installments) = $825.

To find the additional amount, we subtract the cash price from the total amount paid: $825 (total paid) - $900 (cash price) = $75.

So, the additional amount paid on hire purchase is $75.

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