4MA0 Foundation June 2015 Paper 1R Q6
6 Simon wants to buy a computer.
He can choose to pay the cash price of £520 or pay by using the credit option.
| Credit Option |
|---|
| First pay £100 and then 6 monthly payments of £78.24 |
Work out the difference in cost between the cash price and the credit option.
(3)
| Scheme | Marks |
|---|---|
| (78.24 × 6) (= 469.44) | M1 |
| “469.44” + 100 – 520 | M1 |
| 49.44 | A1 |
| (3) | |
| Total 3 marks |
Notes
M1: dep