Question

cash price:$ 2,200Down payment:$800Insalment: 18 monthly instalments of $150 each. The total interest on hire purchase was$____.×

Answer 1

Answer:

The total interest on hire purchase was $1300

Step-by-step explanation:

Given a cash price of $2,200, a down payment of $800, and instalment of $150 each, the total interest on hire purchase is given as:

`\lbrack800+18(150)\rbrack-2200=1300`