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A Laptop Costs 60,000 If Purchasec I in Cash . Under a Hire Purchase Agreement, the Buyer Must Pay , a Deposit of 20,000 and 12 Monthly

Question

A laptop costs 60,000 if purchasec I in cash . Under a hire purchase agreement, the buyer must pay , a deposit of 20,000 and 12 monthly installments ; of 4,000 each . What is ; the total amount paid under hire purchase? 60,000 68,000 72,000 80,000 1 point

Solution

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Maxeline Veterano · Tutor por 9 anos

Resposta

To find the total amount paid under the hire purchase agreement, we need to add the deposit and the total amount paid in monthly installments.Given information:- The laptop costs 20,000 and 12 monthly installments of 4,000 = 20,000 + 68,000Therefore, the total amount paid under the hire purchase agreement is $68,000.