is moce o The cosh price of a bike is R220. The hire purchose price is p300 if the deposit is \( 10 \% \) fol owed by 10 equal monthly instalments, find the amount you will poy eoch month.
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To find the monthly installment, first, calculate the deposit, which is \(10\%\) of the hire purchase price (R300). The deposit is R30, so the financed amount becomes R300 - R30 = R270. Now, divide this balance by the 10 months, which gives you R27 per month. So, you'll pay R27 each month for 10 months. Don't forget to account for any potential interest or fees that might be included in the hire purchase agreement, as these can significantly affect your monthly payment amount. Always read the fine print before signing!