# Hire Purchase MCQs Test and Answers pdf Download

Practice hire purchase MCQs and math for test prep and learning. Free math applications notes has multiple choice questions (MCQ) with hire purchase quiz 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 with answering options $2,000 , $2,150 , $1,950 and $1,600 for exam preparation. Study to learn hire purchase quiz with MCQs to find questions answers based online tests.

## MCQs on Hire Purchase

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

- $2,000
- $2,150
- $1,950
- $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

- $457
- $447
- $437
- $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

- $10,248
- $11,248
- $13,248
- $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

- $2,148
- $1,848
- $1,948
- $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

- $1,824
- $1,724
- $1,624
- $1,524

D