HIRE PURCHASE
7th - 9th Grade
•21 Qs
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HIRE PURCHASE
Quiz
•
Mathematics
•
7th - 9th Grade
•
Practice Problem
•
Medium
+7
Standards-aligned
Delesa Dewar
Used 323+ times
FREE Resource
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21 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
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
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
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
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
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
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
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
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
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
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
To buy a new TV on Hire Purchase, Michael must pay a £50 deposit and 10 monthly payments of £15. How much will he pay in total for the TV?
£200
£515
£50
£650
Tags
CCSS.7.EE.B.3
CCSS.7.NS.A.2
CCSS.7.NS.A.3
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Sarah wants to buy a chair using Hire Purchase. She pays £37 deposit and 5 monthly payments of £20. How much does she pay in total?
£137
£285
£57
£80
Tags
CCSS.7.EE.B.3
CCSS.7.NS.A.1
CCSS.7.NS.A.3
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