A chest freezer can be purchased cash for $2845 or on hire purchase for a deposit of 25% and 18 equal monthly installments of $142.25.
Find for the chst freezer:
a. hire purchase price
b. the interest charged
c. the percent interest charged on the outstanding balance
Find for the chst freezer:
a. hire purchase price
b. the interest charged
c. the percent interest charged on the outstanding balance
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a. $3271.25
b. 14.98%
c. 19.98%
b. 14.98%
c. 19.98%