WAEC Mathematics 2000 Question 13

Question 13

Commercial Arithmetic

A man bought a television set on hire purchase for N25,000, out of which he paid N10,000. If he is allowed to pay the balance in eight equal instalments, find the value of each instalment.

A.N1250
B.N1578
C.N1875
D.3125.

Show the answer and explanation

Answer: C (N1875)

Explanation

Balance = 25000 − 10000 = N15000; 15000 ÷ 8 = N1875.