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finances - hire purchase grade 9 the hire purchase price of a refrigerator is R 6 5 0 0 . the deposit of R 5
finances hire purchase grade
the hire purchase price of a refrigerator is R the deposit of R is made and the remainder is paid in equal monthly payments of R
a calculate the number of monthly payments that must be made.
b if the cash price is R express as a percentage of the cash price, the extra cost of buying on hire purchase.
c what is the interest rate simple interest charged on this transaction.
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