Dana is buying a camera system for her restaurant. One of the cameras is damaged so...

 

Transcribed Image Text:

Dana is buying a camera system for her restaurant. One of the cameras is damaged so she is given a discount of 10% on the original cash price. If she buys it on the hire purchase plan, she must pay down $15,000 and then follow with 24 monthly instalments of $2015 each. Given that the original cash price was $58,000, (i) Calculate the cash price after the discount is given. (3 marks) (ii) The balance due after the down payment is made. (2 mark?) (iii) The total amount paid in all 24 monthly instalments. (down payment not included) (2 marks) (iv) Express the difference between the amounts obtained in (i) and (ii) above as a percentage of the amount that was due after down payment. (4 marks) Dana is buying a camera system for her restaurant. One of the cameras is damaged so she is given a discount of 10% on the original cash price. If she buys it on the hire purchase plan, she must pay down $15,000 and then follow with 24 monthly instalments of $2015 each. Given that the original cash price was $58,000, (i) Calculate the cash price after the discount is given. (3 marks) (ii) The balance due after the down payment is made. (2 mark?) (iii) The total amount paid in all 24 monthly instalments. (down payment not included) (2 marks) (iv) Express the difference between the amounts obtained in (i) and (ii) above as a percentage of the amount that was due after down payment. (4 marks)

Answer rating: 100% (QA)

i Calculate the cash price after the discount is given Original cash price 58000 Discount 10 of 5800... View the full answer