Question

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

Answer 1

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