A bicycle has a cash price of $319.95. It can be bought on hire purchase with a deposit of $69 and ten monthly installments of $
28.50 each.
a. what is the total hire purchase price of the bicycle?
b. Find the difference between the hire purchase price and the cost price of the bicycle.
1 answer:
Answer:
a. $354
b.$34.05p
Step-by-step explanation:
10 monthly instalments
10x28.5=280
plus the deposit 280+69=354
The difference between 354 and 319.95 is 34.05
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