A few days ago
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.
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A few days ago
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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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