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

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.<br /><br />Given information:<br />- The laptop costs $60,000 if purchased in cash.<br />- The buyer must pay a deposit of $20,000 and 12 monthly installments of $4,000 each.<br /><br />Step 1: Calculate the total amount paid in monthly installments.<br />Total amount paid in monthly installments = 12 × $4,000 = $48,000<br /><br />Step 2: Add the deposit to the total amount paid in monthly installments.<br />Total amount paid under hire purchase = Deposit + Total amount paid in monthly installments<br />Total amount paid under hire purchase = $20,000 + $48,000 = $68,000<br /><br />Therefore, the total amount paid under the hire purchase agreement is $68,000.