Jackson earns R400 over weekends cutting lawns in his neighbourhood Currently he hires a lawnmower at R100 per weekend. He sees a new lawnmower at a hardware store for R 2399. The hire purchase agreement on this lawnmower is a deposit of R40 and monthly instalments of R154 over 18 months. 4.1 Calculate the difference between the cash price and the higher purchase. (3) 4.2 Is it cheaper to keep hiring or buy on hire purchase 4.3. How long does he have to save to buy the new lownmower cash if he saves R120 per month . ​

Q&A Education