Mathematics, 17.12.2021 02:30 Anavail

A Sony 55-inch 3D Smart LED TV which has a cash price of $96,586 may be bought on hire purchase. To obtain the Smart TV on hire purchase, a deposit of 25%
of the cash price is made and 30 monthly installments of $2500.00 each are required.
Calculate:
i. Hire purchase price of the TV
il. The percentage interest gained by the seller.

Answers: 1

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A Sony 55-inch 3D Smart LED TV which has a cash price of $96,586 may be bought on hire purchase. T...