Question

A computer can be bought on Hire

Purchase with a down-payment of
$ 1600 and 12 monthly installments of $ 500. If the cash price on the computer is $ 5600, how much more than the cash price is the Hire Purchase price?

A) $60
B) $760
C) $1600
D) $2000​

Answer 1

Answer:
D) $2000

Step by step explanation:
1600 + 12(500) = 1600 + 6000 = 7600
7600 - 5600 = 2000
Hope this helps!