Skip to main content

Hire Purchase

 

Hire Purchase refers to purchasing an item through a series of installments. 


Write:

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


Step 1: Multiply the installments by the length of time.

                    56 x 6 = $336

Step 2: Add the deposit to the total installments

                    $336 + $325 = $661


1. Kyarra wants to buy Bluetooth headphones. She must make a deposit of $38.10 and monthly payments of $12 for 2 years. Calculate the total HP price she must pay. 


2. Calculate the HP price a customer must pay when they make a downpayment of $450 and monthly payments of $78 for 3 years. 



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. The cash price of an android tablet is $$650. You must make a 20% deposit and then make payments of $52 for one year. 

  1. Calculate the deposit.

  2. Calculate the monthly payments.

  3. Calculate the total HP price

  4. Calculate the interest on the tablet. 



5. 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.

6. 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 15 months.
a. If the cash price is $400, how much will her aunt pay?
b. What is the difference between the cash price and the HP price?

Comments

Post a Comment

Popular posts from this blog

Homeschool - February 26 - March 1

  Elements of a Perfect Narrative Setting  - Where is your story set?  Highlight all the senses (What does it sound like/ look like/ smell like/ feel like?) Characters  - Who is your story about? What do they look like? How do they behave? Conflict  - What goes wrong? How do your characters react? Solution - How is the problem solved? How do your characters feel? 1. Who was older between Ojoma and Obide? 2. How do you know that Obide was a greedy man? 3. What did Ojoma see his sister-in-law doing? 4. What did Ojoma do with the heads of the yam? 5. Was Ojoma wrong for taking the heads of the yam? Give a reason for your answer.  6. What did the King do? 7. Was the King's judgement fair?                               ****** Plurals****** There are several nouns that do not follow any rules and have irregular plural form. 1. She has eaten two ______ (chocolate). 2. (Child)...
Post a Comment
Read more

Saturday Classes 2024

Saturday, May 18, 2024 Class 3's                                      COMPREHENSION I dared not stir out of my castle for days, lest some savage should capture me. However, I gained a little courage and went with much dread to make sure that the footprint was not mine. I measured my foot against it. Mine was not nearly so large. A stranger, maybe a savage, must have been on shore, and fear again filled my heart. I determined now to make my house more secure than ever. I built another wall around it, in which I fixed six guns, so that, if need be, I could fire six in two minutes. Then I planted young trees all around. I feared my goats might be hurt or stolen from me, so I fenced round several plots of ground, as much out of sight as possible, and put some goats in each plot. I did all this, while I lived with a terrible fear in my mind that I might one day meet an enemy. I had lived eighteen y...
Post a Comment
Read more

Ethan 2023

Tourism Tourism means people travelling to places outside of their usual home.  A tourist is anyone traveling for fun, business or visiting relatives. A tourist must stay at least 24 hours but for less than one year. There are different types of tourists. First, a domestic tourist is a person who spends at least one night away from their normal home but still within their own country. Some people call this a ‘staycation’.  Then, there are regional tourists. This is a tourist who travels within a certain region. For example, a Barbadian visiting Jamaica.  Suppose you really wanted to visit New York and see the Statue of Liberty. Then you would be an international tourist. An international tourist is someone who travels across international borders. For example, travelling from Barbados to the United States.  Tourism is great because it creates many jobs for people who work in hotels. It also allows us to see many places all around the world.  What does ‘tourist’ ...
Post a Comment
Read more