This mathematics problem involves applying core mathematical principles and formulas. Below you will find a complete step-by-step solution with detailed explanations for each step, helping you understand not just the answer but the method behind it.
ScanSolve AI Answer
Welcome back — missed you this week. Step 1: Calculate the total amount paid in installments. The monthly installment is 1200 for 5 months. Total installments = Monthly installment × Number of months Total installments = 1200 × 5 = 6000 Step 2: Calculate the total hire purchase price. The hire purchase price is the sum of the deposit and the total installments. Hire purchase price = Deposit + Total installments Hire purchase price = 3200 + 6000 = 9200 Step 3: Set up the relationship between hire purchase price and cash price. The hire purchase price is 15% more than the cash price. This means the hire purchase price is 100% + 15% = 115% of the cash price. Let C be the cash price. Hire purchase price = 1.15 × C 9200 = 1.15 × C Step 4: Solve for the cash price. Divide the hire purchase price by 1.15 to find the cash price. C = (9200)/(1.15) C = 8000 The amount one can pay in cash is 8000$. Send me the next one 📸