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Hire Purchase MCQ with Answers PDF

Hire purchase Multiple Choice Questions (MCQ) to solve hire purchase quiz answers PDF to learn 8th grade math online course. Math Applications Multiple Choice Questions and Answers (MCQs), Hire Purchase quiz questions PDF for online learning. "Hire Purchase Book" PDF: taxation, percentage calculations, 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 hire purchase with choices $2,000, $2,150, $1,950, and $1,600 for online learning. Learn math applications quiz questions for online certificate programs for online study.

MCQs on Hire Purchase

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

$2,000
$2,150
$1,950
$1,600

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

$457
$447
$437
$427

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

$10,248
$11,248
$13,248
$14,248

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

$2,148
$1,848
$1,948
$2,048

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

$1,824
$1,724
$1,624
$1,524