Title Page

Submitted By– Cassidy Lozano, Gabyrella Barnett

Date – Wednesday 21, January 2023
Submitted To- Mr. Uh
Subject- Mathematics
Topic-Hire Purchase
School- LTHS
Class- 4 Hospitality
Table of Content
Topic
Page #

Title Page
Introduction
Method of data collection
Presentation of data
Analysis of data
Discussion of findings
Conclusion
References
Appendix
Project Title

An investigation into Hire Purchase plans from two different stores in
Belize.
Introduction

 The reason for this project is to investigate the effectiveness of different Hire Purchase Plans and to
determine how these plans are calculated, to see which store is most suitable for purchasing a Samsung
washing machine, and see the range of purchasing options.
 Method of Data Collection
Two stores offering the same Samsung washing machine were
visited.

Store A- 2.5 Miles Philip Goldson Hwy (Northern Highway), Belize City

Store B- 1 1/2mls, Phillip Goldson Hwy, Belize City

Presentation of Data
(Table 1 shows the cash price of the item) (Table 2 is showing the payment the washing machine 1)
Item Cash Price

SAMSUNG $4,688
washing machine
Store A

Type of Plan Method of Payment Regular Price Cost of Washing Monthly

Plan Machine Payment
5,300 = $441.67
Plan A 1 year for cash at 6% $5,000 $5,300 12
Plan B 2 years at 13% $5,000 $5,650 5,650 = 152.08
24
Plan C 3 years at 20% $5,000 $6,000
6,000 = $166.67
36
 Store A Working
A) 6% of $5,000 Cost of Machine

6 x 5000 = $300 5,000 + 300 = $5,300

100 1

B) 13% of $5,000 Cost of Machine

13 x 5,000 = $650 5,000 + 650 = $5,650

100 1
C) 20% of $5,000 Cost of Machine

20 x 5,000 = $1,000 5,000 + 1,000 = $6,000

100 1
Presentation of Data
(Table 1 shows the cash price of the item) (Table 2 is showing the payment for washing machine 2)

Item Cash Price

Store B
SAMSUNG $4,700
washing machine

Type of Plan Method of Regular Price Cost of Washing Monthly payment

Payment Plan Machine
Plan A 1 year for cash $5,100 $5,406 $450.5
at 6%
Plan B 2 years at 13% $5,100 $5,763 $240.13
Plan C 3 years at 20% $5,100 $6,120 $17O
Store B Working
A) 6% of $5,100 Cost of Machine

6 X 5,100 = $306 5,100 + 306 = $5,406

100 1

B) 13% of $5,100 Cost of Machine

13 X 5,100 = $663 5,100 + 663 = $5,763

100 1

C) 20% 0F $5,100 Cost of Machine

20 X 5,100 = $1,020 5,100 + 1,020 = $6,220

100 1