Percentages

Hong Kong

Stage 1 - Stage 3

Han purchased a fridge, valued at $\$702$$702, on terms. He paid a $6%$6% deposit, followed by monthly instalments of $\$21$$21 over $3$3 years.

a

How much did Han pay as the deposit?

Write your answer to the nearest cent.

b

What was the balance owing after he paid the deposit?

Write your answer to the nearest cent.

c

How much in total did he pay in instalments?

Write your answer to the nearest cent.

d

How much did he pay for the fridge altogether?

Write your answer to the nearest cent.

e

How much interest did he pay?

Write your answer to the nearest cent.

f

What was the interest charged as a percentage of the cost of the fridge? Write your answer as a percentage to two decimal places.

g

What was the annual rate of simple interest charged for buying on terms?

Write your answer as a percentage to two decimal places.

Easy

Approx 11 minutes

Han purchased a couch, valued at $\$726$$726, on terms.

He paid a $11%$11% deposit, followed by fortnightly instalments of $\$10$$10 over $3$3 years.

Luke purchased a couch, valued at $\$975$$975, on terms.

He paid a $12%$12% deposit, followed by weekly instalments of $\$5$$5 over $4$4 years.

James purchased a car, valued at $\$36653$$36653, on a deferred payment plan.

He paid a $\$1714$$1714 deposit, followed by nothing for the first $6$6 months and then $31$31 monthly instalments of $\$1266$$1266.

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