Car is purchased on hire-purchase. The cash price is $21 000 and the terms are a

Loading

Choose the correct option.

Car is purchased on hire-purchase. The cash price is $21 000 and the terms are a deposit of 10% of the price, then the balance to be paid off over 60 equal monthly instalments. Interest is charged at 12% p.a.   What is the total cost of the car?

A. 30.24
B. 31.24
C. 33.24
D. 32240

Leave a Comment