Hire Purchase
Authored by Miss Dennis
Mathematics
11th Grade
CCSS covered
Used 10+ times
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14 questions
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1.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
Angelique wants to buy a microwave on a hire purchase agreement. The cash price of the microwave is R4 400
R4 400. She is required to pay a deposit of 10%
10% and pay the remaining loan amount off over 12
12 months at an interest rate of 9%
9% p.a.
What is the principal loan amount?
R 4 400
R 3 9600
R 440
R 3690
2.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
Angelique wants to buy a microwave on a hire purchase agreement. The cash price of the microwave is R4 400
R4 400. She is required to pay a deposit of 10%
10% and pay the remaining loan amount off over 12
12 months at an interest rate of 9%
9% p.a.
What is the accumulated loan amount?
R 3 960
R 4 400
R 4 316,40
3.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
Angelique wants to buy a microwave on a hire purchase agreement. The cash price of the microwave is R4 400
R4 400. She is required to pay a deposit of 10%
10% and pay the remaining loan amount off over 12
12 months at an interest rate of 9%
9% p.a.
R 359,70
R 4 400
R 3690
4.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
Kyle wants to buy a television on a hire purchase agreement. The cash price of the television is R5 600
R5 600. She is required to pay a deposit of 15%
15% and pay the remaining loan amount off over 24
24 months at an interest rate of 14%
14% p.a.
What is the principal loan amount?
R 5 600
R 860
R 4 760
R 840
5.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
Kyle wants to buy a television on a hire purchase agreement. The cash price of the television is R5 600
R5 600. She is required to pay a deposit of 15%
15% and pay the remaining loan amount off over 24
24 months at an interest rate of 14%
14% p.a
What is the accumulated loan amount?
R 4 760
R 6 092,80
R 840
R 5 600
6.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
Kyle wants to buy a television on a hire purchase agreement. The cash price of the television is R5 600
R5 600. She is required to pay a deposit of 15%
15% and pay the remaining loan amount off over 24
24 months at an interest rate of 14%
14% p.a.
What are Kyle's monthly repayments?
R 6 092,80
R 253,87
R 4 760
R 5 600
7.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
Kyle wants to buy a television on a hire purchase agreement. The cash price of the television is R5 600
R5 600. She is required to pay a deposit of 15%
15% and pay the remaining loan amount off over 24
24 months at an interest rate of 14%
14% p.a.
What is the total amount she has paid for the television?
R 6 932,80
R 6 092,80
R 4 760
R 253,87
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