A man bought a computer on hire purchase by making a down payment of$1500 and twelve monthly payments of $250 each. calculate th

Question

3 years ago

8

e total hire purchase price

1 answer:

lubasha [3.4K] · Answer 1 · 2022-11-27T19:03:29+03:00

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