Question

An item priced £1560 is paid for using hire purchase.

A deposit is made followed by 48 monthly payments
of £20. How much is the deposit?

Answer 1

Answer:. The deposit is £600

Explanation:

Multiply £20 times 48 to find the total of the monthly payments.

20 × 48 =£960

Subtract that from the initial cost to find the deposit.

1560 - 960 = 600