Hire Purchase MCQs Quiz Worksheet PDF Download

Learn hire purchase MCQs online, math test for elementary school exam prep for distance learning degree, online courses. Practice math applications multiple choice questions (MCQ), hire purchase quiz questions and answers for 8th grade math tutoring online free.

Study elementary school courses, online math degree programs MCQs: refrigerator is priced at $10,000. deposit of 16% on simple interest of 11% per year over 2 year and repayments paid monthly then amount of deposit made is with options $2,000, $2,150, $1,950 and $1,600 for online certificate courses preparation with online teachers certification, competitive exams. Free math student portal for online learning hire purchase quiz questions, MCQs to find questions answers based online learning 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