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Hire Purchase Questions and Answers
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The marked price of a laptop is Kshs. 60,000. A customer buys it at shs. 73500 on hire purchase terms. If the deposit paid is Kshs. 7500 and an interest of 22½% p.a is charged on the balance. Calculate the number of months it takes to clear the balance.
asked
Jul 2, 2021
in
Mathematics Form 3
by
anony mous
commercial arithmetic
hire purchase
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