
Elementary Math Fractions, Percentages, Word Problems, Equations, Inequations, Factorization, Expansion 
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March 13th, 2015, 04:11 PM  #1 
Senior Member Joined: Jan 2012 Posts: 724 Thanks: 7  What percentage more will be paid if the set is bought on hire purchase?
The price of a set of carpets is given as N45000 or N21000 down and the balance in 12 monthly payments of N2475. What percentage more will be paid if the set is bought on hire purchase? I don't understand this problem. Could somebody help me here please? I need a better explanation. 
March 13th, 2015, 04:41 PM  #2 
Math Team Joined: Jul 2011 From: Texas Posts: 2,781 Thanks: 1432 
$\displaystyle \frac{21000 + 12(2475)}{45000} \approx 1.127$ one would pay about 12.7% more 
March 13th, 2015, 05:26 PM  #3  
Math Team Joined: Dec 2006 From: Lexington, MA Posts: 3,267 Thanks: 407  Hello, Chikis! Quote:
Did you understand skeeter's explanation.  

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