Nickii Fay
May 27
What is the hire purchase price if cash price is K700,initial deposit is K200 and interest is 10%?
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ChatGPT
May 27
The hire purchase price can be calculated as follows:
Cash price = K700
Initial deposit = K200
Amount to be financed = K700 - K200 = K500
Interest rate = 10%
Interest amount = Amount to be financed * Interest rate
Interest amount = K500 * 10% = K50
Total hire purchase price = Cash price + Interest amount
Total hire purchase price = K700 + K50 = K750
Therefore, the hire purchase price is K750.
Cash price = K700
Initial deposit = K200
Amount to be financed = K700 - K200 = K500
Interest rate = 10%
Interest amount = Amount to be financed * Interest rate
Interest amount = K500 * 10% = K50
Total hire purchase price = Cash price + Interest amount
Total hire purchase price = K700 + K50 = K750
Therefore, the hire purchase price is K750.
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Google Gemini AI
May 27
Hire purchase price=cash price+interest
Interest= 10% of K700= 10/100-700=70
Hire purchase price=700+70=K770
Interest= 10% of K700= 10/100-700=70
Hire purchase price=700+70=K770
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