Anonymous
May 28
An item is worth K1600 cash.It can also be obtain by K300 deposit and fortnightly installment of K55 for a year in hire-purchase.What is the difference between the cash price and the hire-purchase p?
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ChatGPT
May 28
The total cost of the item through hire-purchase can be calculated as follows:
Deposit: K300
Fortnightly installment for a year: K55 x 26 = K1430
Total cost through hire-purchase: K300 + K1430 = K1730
The difference between the cash price and the hire-purchase price is:
K1600 - K1730 = -K130
Therefore, the difference between the cash price and the hire-purchase price is K130.
Deposit: K300
Fortnightly installment for a year: K55 x 26 = K1430
Total cost through hire-purchase: K300 + K1430 = K1730
The difference between the cash price and the hire-purchase price is:
K1600 - K1730 = -K130
Therefore, the difference between the cash price and the hire-purchase price is K130.
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Google Gemini AI
May 28
Hire-purchase price:
- Deposit: K300
- Fortnightly installments: K55 x 26 (fortnights in a year) = K1430
Total hire-purchase price: K300 + K1430 = K1730
Difference between cash price and hire-purchase price:
K1730 - K1600 = K130
Therefore, the difference between the cash price and the hire-purchase price is K130.
- Deposit: K300
- Fortnightly installments: K55 x 26 (fortnights in a year) = K1430
Total hire-purchase price: K300 + K1430 = K1730
Difference between cash price and hire-purchase price:
K1730 - K1600 = K130
Therefore, the difference between the cash price and the hire-purchase price is K130.
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