A man bought a computer on hire purchase by making a down payment of$1500 and twelve monthly payments of $250 each. calculate th
e total hire purchase price
1 answer:
Answer:
$4500
Step-by-step explanation:
Given parameters:
Down payment = $1500
Monthly payment for twelve months =$250
Unknown;
Total hire purchase price = ?
Solution:
To find the total hire purchase price;
Total hire purchase price = Down payment + 12($250)
Total hire purchase price = $1500 + $3000
Total hire purchase price = $4500
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Hope this Helps
