Answer the question by referring to the advertisement:

Multi-System CTV was $2198
is $1798 or $55 x 38
no deposit
What is the rate of simple interest charged for hire purechase?

No advertisement. Cannot copy and paste here.

The advertisement does not provide information regarding the rate of simple interest charged for hire purchase.

To determine the rate of simple interest charged for a hire purchase, we need to know the total amount payable and the duration of the hire purchase agreement. Unfortunately, the given advertisement does not provide this information.

However, I can help you understand how to calculate the rate of simple interest charged for hire purchase in general. Here is the formula:

Interest Rate (%) = (Total Interest / Total Amount Payable) * 100

To find the total interest paid, subtract the initial purchase price from the total amount payable. Then, divide the total interest by the number of years (or months) in the hire purchase agreement to find the annual (or monthly) interest rate.

Please note that the terms and conditions of the specific hire purchase agreement you are interested in may vary, so it's always best to refer to the relevant documentation or contact the seller or lender directly for accurate information.