Get premium membership and access questions with answers, video lessons as well as revision papers.

The cash price of a cupboard is sh 3000. An interest of 25% is charged if the cupboard is bought on hire purchase terms.

      

The cash price of a cupboard is sh 3000. An interest of 25% is charged if the cupboard is bought on hire purchase terms. Amina bought the cupboard on hire purchase terms. She paid a deposit and twelve equal installments. Each installment was sh 262.50. How much deposit did she pay?

A. sh 3 750
B. sh 750
C. sh 600
D. sh 150

  

Answers


Wilfred
The correct answer is [C]

Cash price = 3000
1563438592763-q3518720191129.png
- Hire purchase price = Deposit + Installments
- Installments = 12 x 262.50 = 3150
- D = Hire purchase price -3150
= 3750-3150 = 600
Wilfykil answered the question on July 31, 2019 at 10:08


Next: The parable of Jesus that teaches about the forgiveness of sins is the parable of the
Previous: "First take the log out of your own eye and then you will be able to take the speck out of your brother's eye" (Matthew...

View More KCPE Mathematics Questions and Answers | Return to Questions Index


Learn High School English on YouTube

Related Questions