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The Hire purchase Multiple Choice Questions (MCQ Quiz) with Answers PDF, Hire Purchase MCQ PDF e-Book download to practice Grade 8 Math Tests. Learn Math Applications Multiple Choice Questions and Answers (MCQs), Hire Purchase quiz answers PDF to study online homeschool courses. The Hire Purchase MCQ App Download: Free learning app for taxation, percentage calculations, hire purchase test prep for online elementary school courses.

The 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; "Hire Purchase" App Download (Free) with answers: \$457; \$447; \$437; \$427; to study online homeschool courses. Solve Math Applications Quiz Questions, download Google eBook (Free Sample) for online teaching certification programs.

## Hire Purchase MCQs: Questions and Answers

MCQ 1:

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
MCQ 2:

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
MCQ 3:

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
MCQ 4:

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
MCQ 5:

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