Question

Mom buys a phone on hire purchase.First she pays a deposit of $100,followed by 12 monthly installments of $80 each How much money does mom pay for the phone?

N.B.Calculation needed or Working out ​

Answer 1

She pays $1060 for the phone.

Explanation:

Deposit = $100

She pays $80 each month for a year. $80 x 12 = $960. Then we need to add the deposit with the monthly instalments to find the total. $100 + $960 = $1060

Total:

$1060