If a hire purchase plan is not done, then the person must buy the item in full ______________.

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?

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?

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?

A washing machine can be bought on hire purchase terms of a deposit of $768 and 12 monthly payments of $74. What is the total hire purchase price?

The hire purchase cost of a radio is $6355. If the deposit is a $1000 and the balance is to be paid in 9 equal installments, each installment will be

Which two of the following descriptions regarding hire purchase are true?

I. Interest is charged by seller on cash price

II. Hire Purchase Price = Cash Price + Total Interest

III. Once the deposit is paid, the ownership of goods is held by the buyer

IV. Instalment = (Amount To Be Financed + Total Interest) / Total Number Of Instalments

A TV is sold for $4000 cash price or 12 monthly payments of $500. Calculate the hire purchase price.

A bike is sold for $2000 cash price. It can also be purchase on Hire Purchase by making a downpayment of 25% of the cash price and monthly installments of $250 for 10 months. Calculate the amount of money paid towards the downpayment.