Answer to Question #292994 in Algebra for Ella

Question #292994

You can byu a television either in cash or on hire purchase. If you use hire purchase, you pay first 56 € as down payment, then 289 € after 1 month, 247 € after 2 months, and finally 325 € after 3 months. Calculate the cash price of a television using annual discount interest rate of 8 %.


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