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the cash price of a bike is 220. hire-purchase is 300 .if the deposit is 10% followed by 10 equal monthly installments find the amount you pay each month​

2 Answers

1 vote
The deposit is 220 x 10% = $22.
So, the balance left is 300 - 22 = $278.
The amount paid each month is $278 / 10 = $27.80.
User Cody Casterline
by
8.6k points
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Answer:

$27/month

Explanation:

300-220=80

100%= 300

1%= 300÷100

= 3

10%= 3×10

= 30

300-30=270

270÷10= $27

User Alexander Abakumov
by
8.7k points