IP1U8 Exercise Q10
IP1U8 Exercise Q10
TGM Original Questions
Thomas bought a dining table set through hire purchase. After paying the deposit, he had to pay \(\$260\) per month for \(1\) year.
- If a simple interest rate of \(4\%\) was charged on the outstanding balance, what was the total interest payable?
- If Thomas paid a deposit of \(\$420\), find the cash price of the dining table set.
Video Solution:
Video solution locked
A free account saves your progress; this video needs tuition enrolment.
Solution:
Solution locked
680+ questions here come with free worked solutions. A free account saves your questions and progress; this one needs tuition enrolment.
Create a free account to practise similar questions.
Answer:(a) \(\$120\), (b) \(\$3420\)
Need help? Join our IP Math tuition programme.
Learn more