2026 SPS P2 Q2

2026 SPS P2 Q2

Secondary 4
11 marks
  1. A television has a cash price of \$2400. It can also be bought on hire purchase with a deposit of 20% of the cash price, followed by 24 monthly instalments of \$92.
    1. Calculate the total hire purchase price.[2]
    2. Calculate how much more the hire purchase price is than the cash price, giving your answer as a percentage of the cash price.[2]
  2. After a discount of 15%, a laptop is sold for \$1734.
    Calculate the original price of the laptop.[2]
  3. Mark has a vintage watch valued at \$6666. Its value appreciates at a rate of 8% per year.
    1. Show that the value of the watch at the end of 2 years is \$7775.22, correct to the nearest cent.[2]
    2. Find the number of complete years it takes for the value of the watch to exceed \$8888 and the profit Mark will make if he sells it then.[3]

Solution:

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Answer:(a) \$2688; 12%. (b) \$2040. (c) \$7775.22; 4 years, profit \$2403.02.

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