Hire Purchase
Assessment
•
Denise Matthews
•
Mathematics
•
5th - 6th Grade
•
154 plays
•
Medium
Student preview
13 questions
Show answers
1.
Multiple Choice
A TV costs $1500. If you purchase it cash you get a 15% discount. How much will you pay after the discount?
$225
$1485
$1275
$1725
2.
Multiple Choice
Calculate the hire purchase price for the following scenario: $500 down payment and 12 payments of $120.
$1440
$1940
$940
$6000
3.
Multiple Choice
A _______________ comes with a down payment and monthly installments.
Selling price
Hire Purchase plan
Interest
Discount
4.
Multiple Choice
If a hire purchase plan is not done, then the person must buy the item in full ______________.
Credit
Loan
Discount
Cash
5.
Multiple Choice
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)
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