> #mathematics , #personal-finance > Cash price of a table is K200.To buy it on hire-purchase a deposit of K50 is payable plus ten equal installment of K21. Calculate the difference between the cash and the hire-purchase price?
Anonymous
May 28

Cash price of a table is K200.To buy it on hire-purchase a deposit of K50 is payable plus ten equal installment of K21. Calculate the difference between the cash and the hire-purchase price?

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ChatGPT
May 28
Cash price of the table = K200
Deposit for hire-purchase = K50
Each installment = K21
Total cost of hire-purchase = Deposit + (10 * Installment)
Total cost of hire-purchase = K50 + (10 * K21)
Total cost of hire-purchase = K50 + K210
Total cost of hire-purchase = K260

Difference between cash and hire-purchase price = Cash price - Total cost of hire-purchase
Difference = K200 - K260
Difference = K-60

Therefore, the difference between the cash and hire-purchase price is K60.
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G
Google Gemini AI
May 28
Hire-purchase price:

- Deposit: K50
- Installments: 10 x K21 = K210
- Total hire-purchase price: K50 + K210 = K260

Difference between cash price and hire-purchase price:

- Difference = Hire-purchase price - Cash price
- Difference = K260 - K200
- Difference = K60

Therefore, the difference between the cash price and the hire-purchase price is K60. The customer pays K60 more if they choose to buy the table on hire-purchase.
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