Algebraic Expressions, Identities and Formulae

Algebraic Expressions, Identities and Formulae

IP 2
3 marks

The cash price of a fridge is \( \$1870 \).
The hire-purchase price of the fridge is \( \$2107 \).
The hire-purchase price is a deposit of \( 10\% \) of the cash price plus \(12\) equal monthly payments.
Calculate one monthly payment.[3]

Solution:

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Answer:Monthly payment: \(\$160\)

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