Hire Purchase MCQ Questions Online PDF eBook Download

Learn hire purchase Multiple Choice Questions (MCQ), hire purchase quiz answers pdf to study elementary school math for online certificate courses. Practice math applications Multiple Choice Questions and Answers (MCQs), "hire purchase" quiz questions and answers for online learning. Learn taxation, compound interest, profit and loss percentage, personal and household finances, hire purchase test prep for distance learning.

"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 the amount of deposit made is" Multiple Choice Questions (MCQ) on expansion of algebraic expression with choices $2,000, $2,150, $1,950, and $1,600 for online learning. Free math student portal for online learning math applications quiz questions for online study.

MCQs on Hire Purchase PDF eBook 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 the amount of deposit made is

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

D

MCQ: The 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 the monthly installment is

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

D

MCQ: The 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 the 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 the 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. The interest charged on balance is 12%. The total hire purchase price is

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

D