a dining room set is being sold for $2950 if bought cash.the set can be bought on hire purchase by making a down payment of $850 followed by 15 monthly payment

Question

a dining room set is being sold for $2950 if bought cash.the set can be bought on hire purchase by making a down payment of $850 followed by 15 monthly payments of $220 each. calulate

 

a) the total installments paid

 

b) the hire purchase price

 

d) the amount saved by payingcash

Answer 1

a) 15($220)

b) $850 + 15($220)

c) b - $2950