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.
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Here's the solution for Question 1:
Question 1
Given information: Down payment = 200.00 Cash price = $3600.00
a) The hire purchase price
Step 1: Calculate the total amount paid in monthly installments.
Step 2: Calculate the hire purchase price by adding the down payment to the total monthly payments.
The hire purchase price is \boxed{\3900.00}$.
b) The interest charged
Step 1: Calculate the interest charged by subtracting the cash price from the hire purchase price.
The interest charged is \boxed{\300.00}$.
c) The percentage interest charged
Step 1: Calculate the percentage interest charged using the interest charged and the cash price.
Step 2: Perform the calculation. The percentage interest charged is (rounded to two decimal places).
d) The advertised cash price of the tablet computer represents a discount of 10% of the original cash price. Calculate the original cash price.
Step 1: Let the original cash price be . The advertised cash price (3600.00) is the original cash price minus a 10% discount.
$$ Advertised cash price = Original cash price - (Discount rate \times Original cash price) $$
$$ \3600.00 = X - (0.10 \times X) $3600.00 = X(1 - 0.10) $3600.00 = 0.90X $$
Step 2: Solve for .
The original cash price is \boxed{\4000.00}$.
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