Form 1 Hire Purchase

A _______________ comes with a down payment and monthly installments.

• Selling price

• Hire Purchase plan

• Interest

• Discount

Tags

CCSS.7.RP.A.2

CCSS.7.RP.A.3

If a hire purchase plan is not done, then the person must buy the item in full ______________.

• Credit

• Loan

• Discount

• Cash

Tags

CCSS.7.RP.A.3

The formula to find hire purchase price is:

• H.P = (cash price + Installments)

• H.P = (Discount + cash price)

• H.P = (Down-payment + installments)

• H.P = (Cash price - Down-payment)

Tags

CCSS.HSA.CED.A.4

CCSS.HSA.SSE.A.1

A Television can be bought on hire purchase with a down payment of $800 and 20 monthly installments of $275. What is the hire purchase price?

• $6300

• $5500

• $3,450

• $6800

Tags

CCSS.7.EE.B.3

CCSS.7.NS.A.1

CCSS.7.NS.A.3

A Television can be bought for $5,300 cash or hire purchase with a down payment of $800 and 20 monthly installments of $275. Give the difference between the H.P price and the cash price.

• $6000

• $300

• $1300

• $1000

Tags

CCSS.7.EE.B.3

CCSS.7.NS.A.1

CCSS.7.NS.A.3