A flat screen television costs $2000 cash. If bought on hire purchase, a consumer must make a deposit of $900 followed by 12 monthly payments of $120. How much can be saved if the television is bought at the cash price?​

Explanation:

Given

On hire-purchase:

Required

Determine the amount to be saved if the item is bought outrightly

First, we calculate the total payment on hire-purchase:

Subtract the cost price:

The amount to be saved is $340

typically a loft will include modern kitchen and bathrooms, this increases the price tag. lofts also have a good amount of open space, this requires more heating and electricity. lofts are also in older buildings, this means that maintaining the location increases the bill. keep in mind this is without talking about the high state and property taxes.

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