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2 years ago

3. Discuss the advantages and disadvantages of buying on (1) Hire purchase

Mathematics

1 answer:

liberstina [14]2 years ago

7 0

Answer:

1)Disadvantages of Hire Purchase

The loan is secured against the vehicle: The vehicle can be repossessed if payments are not kept up.

Non-payment can negatively affect your credit rating.

The finance company are the legal owners of the vehicle until the agreement is paid in full.

2)Advantages of Hire Purchase

Kind to your cashflow. ...

Access high-spec Assets. ...

Lower interest than other funding options. ...

It is possible to claim capital allowances against tax. ...

Own the asset after the last installment. ...

Committing to ongoing fixed payments. ...

Higher cost overall. ...

Asset depreciation.

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Nata [24]

Answer: 15, -8

Step-by-step explanation:

$u_2=7\\u_2=u_1+r\\u_3=u_1+2r\\u_4=u_1+3r\\\\u_1+u_2+u_3+u_4=4u_1+6r=12\\u_1+r=7\\\\$

$\left \{ \begin {array} {ccc|c|c}u_1+r&=&7&-4&-6\\4u_1+6r&=&12&1&1\\\end {array} \right.\\\\\\\left \{ \begin {array} {ccc}2r&=&-16\\-2u_1&=&-30\\\end {array} \right.\\\\\\\left \{ \begin {array} {ccc}r&=&-8\\u_1&=&15\\\end {array} \right.\\\\\\Proof:\\u_1=15\\u_2=7\\u_3=-1\\u_4=-9\\sum=12\\$

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2 years ago

mariarad [96]

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3 years ago

What is the quotient of 15,048 and 76

vitfil [10]

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3 years ago

Brazilian footballer ronaldo scored 247 goals in 343 matches

vovikov84 [41]

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3 years ago

Read 2 more answers

Calculate the length of a triangle if another length is 15 feet and the hypotenuse is 39 feet.

Y_Kistochka [10]

We have to use Pythagorean theorem that says :

$a^2+b^2=c^2\\\Rightarrow a^2+15^2=39^2\\a^2=39^2-15^2\\a=\sqrt{1296}\\a=36$

The missing length of the triangle is : 36 feet

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3 years ago

3. Discuss the advantages and disadvantages of buying on (1) Hire purchase​

3. Discuss the advantages and disadvantages of buying on (1) Hire purchase