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26-10-2022
Mathematics

Answered

A bicycle has cash price $16 319.50. It can be bought on hire purchase with a deposit of $6
900 and ten monthly installments of $1 224.50 each.
a. What is the total hire purchase price for the bicycle? [3 marks]
b. Find the difference between the hire purchase price and the cost price for the bicycle.
[1 mark]
c. Express your answer in (b) above as a percentage of the cash price.

Answer :

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