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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?
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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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:
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.