Hire Purchase MCQs Quiz and Answers Tests pdf Download

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.

MCQs on Hire Purchase Quiz pdf Download

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