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The cash price of a T.V. set was sh 22000. Maria bought the T.V. set on hire purchase terms.

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?

A. sh 8800
B. sh 9200
C. sh 22400
D. sh 31200

Answers


Wilfred
The correct answer is [B]

Cash price = 22000
Deposit = 40% x 22000
= 8, 800
- Hire purchase price= Deposit + Installments
H.P.P = 8,800 + 8 [2800]
=8, 800 + 22, 400
= 31, 200
- Difference
= 31, 200 – 22000
= 9 200
Wilfykil answered the question on July 29, 2019 at 12:13

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