Mr. Abdi bought a bicycle on hire purchase. The Marked price was Kshs 8000. He paid a deposit of 25%, followed by 14 monthly installments of Kshs 500. Calculate:
| a)The hire purchase price | |||||
| Solution: | |||||
| Amount paid by instalments = | x 14 = | ||||
| Deposit is | x | = Kshs | |||
| Total amount paid = Kshs | |||||
| Hire purchase price = Kshs | |||||
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