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9 - Mathematics M1.CA.2 - Hire Purchase & Mortgages

Question 1 of 210 correct · 0 wrong

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✅EvaluateQuestion 1 of 21

What is a deposit?

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✅EvaluateQuestion 2 of 21

In hire purchase, total cost equals deposit plus

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✅EvaluateQuestion 3 of 21

Cash $1,000; HP: $200 deposit + 12 × $80. Total HP cost?

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✅EvaluateQuestion 4 of 21

In the question above, the extra paid is

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✅EvaluateQuestion 5 of 21

A mortgage is mainly used to buy

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✅EvaluateQuestion 6 of 21

Down payment of 20% on a $5,000 sofa is

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✅EvaluateQuestion 7 of 21

Why is HP more expensive than cash?

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✅EvaluateQuestion 8 of 21

A washing machine is $7,500 cash. HP: 10% deposit + 18 × $400. Total HP price?

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✅EvaluateQuestion 9 of 21

In Q8, the extra paid is

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✅EvaluateQuestion 10 of 21

A $4,800 fridge is offered with 25% deposit + 24 × $180. Total cost?

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✅EvaluateQuestion 11 of 21

A Castries laptop is $3,200 cash. HP plan: 10% deposit + 12 × $290. % extra paid?

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✅EvaluateQuestion 12 of 21

A $300,000 plot has 20% down + 360 × $1,800 mortgage. Total cost?

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✅EvaluateQuestion 13 of 21

In Q12 the EXTRA paid (interest) is

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✅EvaluateQuestion 14 of 21

A scooter is $5,600 cash. HP: 15% deposit + 24 × $215. Extra paid?

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✅EvaluateQuestion 15 of 21

A $12,000 motorbike has 20% deposit + 36 monthly instalments. The HP price is $14,000. Each instalment is

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✅EvaluateQuestion 16 of 21

Bridgetown buyers pay 25% deposit and 12 instalments of $375 for a $4,500 sofa. They pay an EXTRA

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✅EvaluateQuestion 17 of 21

Mortgage: cash $400,000, down 15%, monthly $3,200 over 240 months. Total mortgage cost?

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✅EvaluateQuestion 18 of 21

In Q17, the percentage of extra paid (interest as % of original price) is

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✅EvaluateQuestion 19 of 21

A Bahamas store has $3,000 cash price OR HP: 10% deposit + 18 × $180. Which is cheaper and by how much?

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✅EvaluateQuestion 20 of 21

To win a sale, a Castries shop OFFERS '0% HP' (no extra) on a $1,800 cash item with 12 monthly payments and no deposit. Each payment is

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✅EvaluateQuestion 21 of 21

A microwave is $1,600 cash; HP: 25% deposit + 12 monthly payments. If extra paid is $200, each monthly payment is

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✅EvaluateQuestion 1 of 21

What is a deposit?

0 / 1 marks

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