The difference between the cash price and the initial deposit in hire purchase is known as .
In hire purchase transactions, buyers can acquire goods by making an initial down payment and paying the remaining amount in installments. The difference between the total cost of the item and the initial deposit is a crucial concept known as the in mathematical terms. Let's explore this in detail.
In the context of hire purchase, the total cost of the item is often referred to as the cash price. It represents the actual value of the item without considering any interest or finance charges. On the other hand, the initial deposit, also called the down payment, is the amount paid upfront by the buyer to secure the item.
Now, let's introduce some variables to help us understand this concept mathematically:
- Let CP be the cash price of the item.
- Let D be the initial deposit made by the buyer.
The difference between the cash price and the initial deposit is given by:
The Principal is the amount that remains to be paid off in installments, and it serves as the basis for calculating the subsequent monthly or periodic payments in a hire purchase agreement.
The Principal is critical because it determines the total amount the buyer will end up paying for the item. It also affects the duration of the hire purchase agreement, as the buyer's installments are typically spread over a specific number of months or years.
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Answer:
2. The x-intercept is 4, and the y-intercept is -3
Step-by-step explanation:
The given equation is in general form. I find it easier to see the intercepts when the equation is written in standard form:
3x -4y = 12
Setting y=0 and solving for x, we have the x-intercept:
3x = 12 ⇒ x = 12/3 = 4
Setting x=0 and solving for y, we have the y-intercept:
-4y = 12 ⇒ y = 12/-4 = -3
The x-intercept is 4; the y-intercept is -3.
for £25 000. Find the percentage loss
that she made on the sale. (1 dp)
Answer:
B
Step-by-step explanation:
B) y = 10x
C) y = 90x
D) y = 1/10x
Please give an honest answer = )
Answer:
B) y = 10x
Step-by-step explanation:
It should not be too hard for you to determine that every number on the bottom row is the same as the number on the top row with a zero appended.
Appending a zero to a number is the same as multiplying it by 10. For example, ...
... 90 = 10·9
... y = 10x
_____
In case that observation doesn't work out for you, you can always solve the given equation for k, then choose values from the table to fill in.
... y = kx
... k = y/x . . . . . divide by the coefficient of k, which is x
Fill in values from the table
... k = 20/2 = 10 . . . . . . from the second column
Now put this value where k is in the equation. After you do that, you know ...
... y = 10x
slope = (30 - 20)/(3 - 2) = 10 /1 = 10
equation
y = 10x
Answer
B) y = 10x
Answer: Two-way frequency tables are especially important because they are often used to analyze survey results. Two-way frequency tables are also called contingency tables. Two-way frequency tables are a visual representation of the possible relationships between two sets of categorical data.
Step-by-step explanation: