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Today in maths we did Hire purchase and Loans.
Example 1
Loans
£1200 Loan
6 Repayments = £215
Total Repayments =
How much more does the loan cost than the paying cash?
We worked this out by finding the total repayments, and you do this by multiplying 6 by £215.
So the total amount of repayments needed is £ 1290
The loan costs £90 [...]
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