Hire Purchase MCQs Quiz Worksheet PDF Download

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Math practice test MCQ on 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 problem solving skills for competitive exam, viva prep, interview questions with answer key. Free math revision notes to learn hire purchase quiz with 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