The cash price of a T.V. set was sh 22000. Maria bought the T.V. set on hire purchase terms. She was allowed to pay a deposit equal to 40% of the cash price and eight equal monthly installments of sh 2800. How much more money did she pay than the cash price?

Question

The cash price of a T.V. set was sh 22000. Maria bought the T.V. set on hire purchase terms. She was allowed to pay a deposit equal to 40% of the cash price and eight equal monthly installments of sh 2800. How much more money did she pay than the cash price?

Answer 1

22,000 * 0.6 = 13,200 amount to be financed

2800 * 8 = ?

Subtract from 13,200

Answer 2

To find out how much more money Maria paid than the cash price, we need to calculate the total amount she paid for the T.V. set.

First, let's find the deposit amount:
Deposit = 40% of the cash price
Deposit = 40/100 * sh 22000
Deposit = sh 8800

Next, let's calculate the total amount paid in monthly installments:
Total amount of monthly installments = 8 * sh 2800
Total amount of monthly installments = sh 22400

Now, let's calculate the total amount Maria paid:
Total amount paid = Deposit + Total amount of monthly installments
Total amount paid = sh 8800 + sh 22400
Total amount paid = sh 31200

Finally, let's calculate the difference between the total amount paid and the cash price:
Difference = Total amount paid - Cash price
Difference = sh 31200 - sh 22000
Difference = sh 9200

Therefore, Maria paid sh 9,200 more than the cash price.

Answer 3

To calculate how much more money Maria paid than the cash price, we need to determine the total amount she paid and then subtract the cash price from it.

First, let's calculate the deposit amount. The deposit is equal to 40% of the cash price:
Deposit = 40% * Cash Price = 0.4 * 22000 = sh 8800

Next, let's calculate the total amount of money Maria paid over the eight equal monthly installments:
Monthly Installments = 8 * sh 2800 = sh 22400

Now, we can determine the total amount Maria paid by adding the deposit and the monthly installments:
Total Amount Paid = Deposit + Monthly Installments = sh 8800 + sh 22400 = sh 31200

Finally, to find out how much more money she paid than the cash price, we subtract the cash price from the total amount paid:
More Money Paid = Total Amount Paid - Cash Price = sh 31200 - sh 22000 = sh 9200

Therefore, Maria paid sh 9200 more than the cash price.

The cash price of a T.V. set was sh 22000. Maria bought the T.V. set on hire purchase terms. She was allowed to pay a deposit equal to 40% of the cash price and eight equal monthly installments of sh 2800. How much more money did she pay than the cash price?

22,000 * 0.6 = 13,200 amount to be financed

Pupils

To find out how much more money Maria paid than the cash price, we need to calculate the total amount she paid for the T.V. set.

To calculate how much more money Maria paid than the cash price, we need to determine the total amount she paid and then subtract the cash price from it.