O-LevelCommerceCreditOct/Nov 2020Paper 1 Q71 Mark
Mr X buys a car for $4000 on hire purchase over a 5-year period. If he makes the required 25% deposit and monthly repayments of $70, how much will he have paid in interest?
A$200
B$840
C$1200
D$4200
✓ Correct Answer
The correct answer is C. This question tests the candidate's understanding of credit within the Commercesyllabus. The examiner's mark scheme requires...
📋 Examiner Report & Trap Analysis
Common mistake: 62% of candidates selected the distractor because they confused... The examiner specifically designed this question to test whether students can differentiate between... To secure full marks, candidates must demonstrate...
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