1. The cash price of a DVD player is $340.It can be bought on hire purchase for a deposit of $15 plus 18 monthly payments of $20.
A) Calculate the hire purchase price o the DVD payer.
B) Evaluate the difference between the Cash price and the hire purchase price of the DVD player.
ADD ANSWER
+5 PTS
ASK AI
A) The hire purchase price of the DVD player can be calculated by adding the deposit and the total amount of all monthly payments.
Deposit = $15
Monthly payments = $20 * 18 = $360
Hire purchase price = Deposit + Monthly payments = $15 + $360 = $375
B) The difference between the cash price and the hire purchase price of the DVD player can be calculated by subtracting the hire purchase price from the cash price.
Difference = Cash price - Hire purchase price = $340 - $375 = -$35
Therefore, the difference between the cash price and the hire purchase price of the DVD player is -$35.