Final answer:
The total hire purchase price is R⁴³⁷⁰.
Step-by-step explanation:
To calculate the total hire purchase price, we need to add the deposit to the sum of the monthly instalments. The deposit is R⁹⁵⁰ and there are 12 monthly instalments of R³⁶⁰. So, the total hire purchase price is R⁹⁵⁰ + 12 × R³⁶⁰. Using the order of operations (PEMDAS/BODMAS), we first need to multiply the number of monthly instalments by the price of each instalment, which is R³⁶⁰. Then we add the deposit of R⁹⁵⁰ to get the total hire purchase price. Let's calculate it:
Total hire purchase price = R⁹⁵⁰ + 12 × R³⁶⁰
Total hire purchase price = R⁹⁵⁰ + R⁴³²⁰
Total hire purchase price = R⁴³²⁰ + R⁹⁵⁰
Total hire purchase price = R⁴³²⁰ + R⁹⁵⁰
The total hire purchase price is R⁴³⁷⁰.