A few days ago
Likhitha

Help with this problem?

A motorcycle may be bought with $15 300 cash or a 20% deposit of the cash price and 36 monthly installments of $365 each month.

(a)Find the difference between the cash price and the hire price.

(b)Express the difference as a percentage of the cash price.

Top 1 Answers
A few days ago
Anonymous

Favorite Answer

C = 15300

H = 20% * 15300 + 36*365

= (20/100)*15300 + 36*365

= 16200

a) difference, D = H – C = 900

b)percentage = (D/C) *100% = 5.9%

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