Test. Credit - 1

Before proceeding to the solution of examples and problems be sure to read the theoretical part of the lesson 

Credit - 1

 1. A washing machine costs £420. You can buy it for a 10% deposit plus 36 equal monthly payments at £14. How much is the deposit?

 а)  £40;      
 b)  £38;     

 c)  £42;      
 d)  £44.

 2. A washing machine costs £420. You can buy it for a 10% deposit plus 36 equal monthly payments at £14. How much are the 36 monthly payments?

 а)  £504;      
 b)  £502;     

 c)  £508;      
 d)  £506. 

 3. A washing machine costs £420. You can buy it for a 10% deposit plus 36 equal monthly payments at £14. What is the total credit price?

 а)  £542;      
 b)  £544;     

 c)  £550;      
 d)  £546.

 4. A washing machine costs £420. You can buy it for a 10% deposit plus 36 equal monthly payments at £14. How much extra does the hire purchase cost?

 а)  £120;      
 b)  £126;     

 c)  £128;      
 d)  £122.

 5. A TV costs £560. You can buy it for a 15% deposit plus 36 equal monthly payments of £15.50. How much is the deposit?

 а)  £86;      
 b)  £88;     

 c)  £84;      
 d)  £82.

 6. A TV costs £560. You can buy it for a 15% deposit plus 36 equal monthly payments of £15.50. How much are the 36 monthly payments?

 а)  £558;      
 b)  £550;     

 c)  £562;      
 d)  £556.

 7. A TV costs £560. You can buy it for a 15% deposit plus 36 equal monthly payments of £15.50. What is the total credit price?

 а)  £648;      
 b)  £642;     

 c)  £640;      
 d)  £644.

 8. A TV costs £560. You can buy it for a 15% deposit plus 36 equal monthly payments of £15.50. How much extra does the hire purchase cost?

 а)  £84;      
 b)  £88;     

 c)  £80;      
 d)  £82.

 9. Copy and complete the table below:

 а)  £820, £85;     
 b)  £824, £85;     

 c)  £820, £75;     

 d)  £822, £88.

10. Copy and complete the table below:

 а)  £444, £54;     

 b)  £440, £52;     

 c)  £440, £50;     

 d)  £442, £50.

11. Copy and complete the table below:

 а)  £13750, £1352;     

 b)  £13752, £1352;     

 c)  £13752, £1356;     

 d)  £13754, £1354.

12. Copy and complete the table below:

 а)  £258, £24;     

 b)  £250, £22;     

 c)  £254, £20;     

 d)  £250, £20.

13. Copy and complete the table below:

 а)  £594.62, £129.64;     

 b)  £594.64, £129.64;     

 c)  £594.64, £129.84;     

 d)  £594.66, £129.66.

14. New windows £3250.

Pay a 20% deposit then nothing for 2 years. Followed by 12 equal monthly payments of £299.

How much extra does the hire purchase cost?

 а)  £988;      
 b)  £982;     

 c)  £980;      
 d)  £984.

15. Boiler £4100.

Pay a £1000 deposit then nothing for 1 year. Finally 48 equal monthly payments of £85.

How much is saved by paying the cosh price?

 а)  £986;      
 b)  £982;     

 c)  £980;      
 d)  £988.