MATHEMATICS SCHOOL BASED ASSESSMENT 2023

Candidate Names & Candidate Numbers: Jayden David 160004

Hadassa Hall 160004
Caitlyn La Guerre 160004
Josiah Peters 160004
Aneisa Sanchez 1600041202

School: Arima Central Secondary School

Centre Number: 160004

Territory: Trinidad and Tobago

Teacher’s Name: Ms Giselle Isaac

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 Table of Contents

Title Page Number

Project Title………………………………………………….3

Introduction…………………………………………………4

Method of Data Collection………………………….………5

Presentation of Data…………………………………………6

Analysis of Data….……….……………………………………

Discussion of Findings…………………………………………

Conclusion……….……….……………………………………

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 Project Title

An Investigation to Determine the Best Hire Purchase Plan for a

Whirlpool Gas Stove by Comparing Hire Purchase Plans from Three
Stores.

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 Introduction

Gabriel lost his gas stove in the recent major flooding that happened
during the November-December 2022 period. Many of his appliances
were lost including his gas stove. In a search to buy a new gas stove,
he visited three furniture stores and looked for the Whirlpool 30” Gas
Stove with the best hire purchase plan. He compares the 6-month, 12
month and 24 month plans to find out with store has the best hire
purchase plan for him.

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 Method of Data Collection

Three furniture stores were visited, and information was gathered via
speaking to a sales attendant. The data collected was:
1. Cash price
2. Downpayment %
3. 6-month instalments
4. 12-month plan instalments
5. 24-month plan instalments

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 Presentation of Data

Cash Price: $4599

Store A
Plan Down Monthly Hire Purchase
Payment Instalment Price
6 Month $919.80 $1095 $7489.80
12 Month $919.80 $637 $8563.80
24 Month $919.80 $410 $10,759.80

Down payment = down payment % times purchase price

= 20% x $4599
= $919.80

Cash Price: $4900

Store B
Plan Down Monthly Hire Purchase
Payment Instalment Price
6 Month $1127 $1155 $8057
12 Month $1127 $673 $9203
24 Month $1127 $432 $11495

Down payment = 23% x 4900

= $1127

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 Cash Price: $4895

Store C
Plan Down Monthly Hire Purchase Price
Payment Instalment
6 Month $1468.50 $1121.56 $8197.86
12 Month $1468.50 $560.78 $8197.86
24 Month $1468.50 $456.28 $12419.22

Down payment = 30% x $4895

= $1468.50

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 Analysis of Data

STORE A
6 Months
Cash Price: $4599
Hire Purchase Price: $7489.80
Difference = Hire Purchase Price – Cash Price
= 7489.80 – 4599
= $2,890.80
% Increase = Difference ÷ Cash Price × 100
= 2,890.80 ÷ 4599 × 100
= 63%

12 Months
Cash Price: $4599
Hire Purchase Price: 8563.80
Difference = Hire Purchase Price – Cash Price
= 8563.80 – 4599
= $3964.80
% Increase = Difference ÷ Cash Price × 100
= 3964.80 ÷ 4599 × 100

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 = 86%
24 Months
Cash Price: $4599
Hire Purchase Price: $10759.80
Difference = Hire Purchase Price – Cash Price
= 10759.80 – 4599
= $6160.80
% Increase = Difference ÷ Cash Price × 100
= 6160.80 ÷ 4599 × 100
= 134%

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STORE B
6 Months
Cash Price: $4900
Hire Purchase Price: $8057
Difference = Hire Purchase Price – Cash Price
= 8057 – 4900
= $3157
% Increase = Difference ÷ Cash Price × 100
= 3157 ÷ 4900 × 100
= 64%

12 Months
Cash Price: $4900
Hire Purchase Price: $9203
Difference = Hire Purchase Price – Cash Price
= 9203 – 4900
= $4303
% Increase = Difference ÷ Cash Price × 100
= 4303 ÷ 4900 × 100

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 = 88%

24 Months
Cash Price: $4900
Hire Purchase Price: $11495
Difference = Hire Purchase Price – Cash Price
= 11495 – 4900
= $6595
% Increase = Difference ÷ Cash Price × 100
= 6595 ÷ 4900 × 100
= 135%

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STORE C
6 Months
Cash Price: $4895
Hire Purchase Price: $8197.86
Difference = Hire Purchase Price – Cash Price
= 8197.86 – 4895
= $3302.86
% Increase = Difference ÷ Cash Price × 100
= 3302.86 ÷ 4895 × 100
= 67%

12 Months
Cash Price: $4895
Hire Purchase Price: $8197.86
Difference = Hire Purchase Price – Cash Price
= 8197.86 – 4895
= $3302.86

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% Increase = Difference ÷ Cash Price × 100
= 3302.86 ÷ 4895 × 100
= 67%

24 Months
Cash Price: $4895
Hire Purchase Price: $12419.22
Difference = Hire Purchase Price – Cash Price
= 12419.22 – 4895
= $7524.22
% Increase = Difference ÷ Cash Price × 100
= 7524.22 ÷ 4895 × 100
= 154%

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Discussion of Findings