(f) A calculator is sold under hire purchase term. A deposit of 560/- is requiredand a monthly installment of 450/- per month for one year. If the cash priceof the calculator is 3820/-, find the difference between the cash and hirepurchase price.

First, we need to find the hire purchase price.

Answered: (f) A calculator is sold under hire…

Advanced Engineering Mathematics

10th Edition

ISBN:9780470458365

Author:Erwin Kreyszig

Publisher:Erwin Kreyszig

Chapter2: Second-order Linear Odes

Section: Chapter Questions

Problem 1RQ

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(f) A calculator is sold under hire purchase term. A deposit of 560/- is required and a monthly installment of 450/- per month for one year. If the cash price of the calculator is 3820/-, find the difference between the cash and hire purchase price.