Chomba wants to buy a television on a hire purchase agreement. The cash price of the television is K 10 000. She is required to pay a deposit of 15% and pay the remaining loan amount off over 24 months at an interest rate of 14% p.a. What is the principal loan amount? What is Chombas monthly payments?

Lilly buys a dining room table costing K 8500 on a hire purchase agreement. He is charged an interest rate of 17.5% p.a. over 3 years. How much will Lilly pay in total?