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Hire Purchase

 1. The deposit on an item is $325. If there are 6 monthly payments of $56, calculate the total Hire Purchase price. 




2. Kyarra wants to buy Bluetooth headphones. She must make a deposit of $38.10 and monthly payments of $12.10 for 2 years. Calculate the total HP price she must pay. 



3. Thierry wants to buy a living room suite. Its cash price is $5000. He must make a deposit of 20% followed by monthly payments of $120 for 3 years. 

a. Calculate the deposit.

b. Calculate the monthly payments.

c. Calculate the total HP

d. Calculate the interest on the living room suite



4. Skylar is buying a fridge. She will make a 25% deposit and monthly payments of $125 for 1 year. If the cash price is $1800, how much more will she pay by using the HP method.


5. Malia did well in an exam so she will be rewarded with a new phone. Her aunt will make a deposit of 30% and then make payments of $28 for 6 months. If the cash price is $200, how much will her aunt pay?




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