2026 CSS P1 Q3

2026 CSS P1 Q3

Secondary 4
3 marks

The cash price of a computer is \(\$3000\).

Adeline buys the computer on hire purchase.

She pays a deposit of \(\$2000\) plus \(36\) equal monthly payments of \(\$34.50\).

  1. Calculate the total cost Adeline has to pay by hire purchase.[1]
  2. Find the rate of simple interest charged per annum.[2]

Solution:

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Answer:(a) \(\$3242\) (b) \(8.07\%\) per annum

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