AZ4L12619
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the marked price of a freezer is $30,000 there is a discount of 15% for each cash payment.to obtain the freezer and hire purchase a deposit of $5,950 and a 18 month installments of $1,590.50 each are required
.calculate the total amount paid if bought on hire purchase

Respuesta :

opudodennis

Answer:

$34,579

Step-by-step explanation:

-Given that the hire purchase price has a down-payment of $5,950 and 18-monthly installments of $1,590.50 each.

-The total hire-purchase price is calculated as:

[tex]Hire \ Purchase \ Price=DownPayment+\sum{Monthly\ Installments}\\\\=5950+18(1590.50)\\\\=34579[/tex]

Hence, the total hire purchase price is $34,579

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