Practice hire purchase MCQs in math quiz for test prep. Math applications quiz questions has multiple choice questions (MCQ) with hire purchase test, answers as a refrigerator is priced at \$10,000. a deposit of 16% on simple interest of 11% per year over 2 year and repayments paid monthly then amount of deposit made is, answer key with choices as \$2,000 , \$2,150 , \$1,950 and \$1,600 for competitive exam preparation worksheets. Free math revision notes to learn hire purchase quiz with MCQs to find questions answers based online tests.

MCQ. A refrigerator is priced at \$10,000. A deposit of 16% on simple interest of 11% per year over 2 year and repayments paid monthly then amount of deposit made is

1. \$2,000
2. \$2,150
3. \$1,950
4. \$1,600

D

MCQ. Television is priced at \$10,000. A deposit of 16% on simple interest of 11% per year over 2 year and repayments paid monthly then monthly installment is

1. \$457
2. \$447
3. \$437
4. \$427

D

MCQ. Television is priced at \$10,000. A deposit of 16% on simple interest of 11% per year over 2 year and repayments paid monthly then additional amount to pay in 24 monthly installments after deposit is

1. \$10,248
2. \$11,248
3. \$13,248
4. \$14,248

A

MCQ. A refrigerator is priced at \$10,000. A deposit of 16% on simple interest of 11% per year over 2 year and repayments paid monthly then interest on remaining amount for 2 years after deposit is

1. \$2,148
2. \$1,848
3. \$1,948
4. \$2,048

B

MCQ. Henry buys a designer furniture set at price of \$1200. He pays 25% deposit and interest in 36 months plus outstanding balance. interest charged on balance is 12%. total hire purchase price is

1. \$1,824
2. \$1,724
3. \$1,624
4. \$1,524

D