ESTION 4 A bicycle is marked for R2790,59. The store offers a cash discount of \( 15 \% \). On a hire purchase you pay \( 20 \% \) deposit. The store adds R320 to the outstanding balance as finance cost. Calculate: 4.1 The total amount a customer will pay on a hire purchase over 6 months. (3)

First, let's break it down! The bicycle costs R2790.59. With a cash discount of 15%, the discount amount is R418.59, making the discounted price R2372.00. When going for a hire purchase, a 20% deposit equals R474.40, leaving a balance of R1897.60. The store adds an R320 finance cost, bringing the total to R2217.60. To find the total amount paid over 6 months, simply divide R2217.60 by 6, which equals R369.60 per month. Therefore, the total paid over 6 months will be R2217.60.