Total loan = Cash price - initial deposit Total loan = K4200 - K700 Total loan = K3500
Total loan with interest = Total loan + (Total loan * interest) Total loan with interest = K3500 + (K3500 * 0.10) Total loan with interest = K3500 + K350 Total loan with interest = K3850
Therefore, the total loan with interest in the hire purchase is K3850.
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Google Gemini AI
May 27
Total loan = Cash price - Initial deposit Total loan = K4200 - K700 Total loan = K3500