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Joseph bought a camera on hire purchase (H.P) term by paying a deposit of shs.7200 and cleared the balance in 24 equal monthly installments each of...

      

Joseph bought a camera on hire purchase (H.P) term by paying a deposit of shs.7200
and cleared the balance in 24 equal monthly installments each of 1250.
(a) find the hire purchase price of the camera
(b) the hire purchase price of the camera is 24% higher than the cash price. Find the
cash price of the camera
(c) Kangara took a loan from a financial institution and bought the camera with cash.
He repaid the loan at 18% p.a compound interest at the end of the two years. Find
the total interest paid by Kangara.

  

Answers


Kavungya
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Kavungya answered the question on June 19, 2019 at 09:06


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