COVER PAGE

MATHEMATICS SCHOOL BASED ASSESMENT

NAME OF THE GROUP MEMBERS:

 TIRZAH WILLIAMS

SCHOOL NAME: TUTORIAL HIGH SCHOOL

TEACHER’S NAME: MISS TRISHEL THOMPSON

COUNTRY: GUYANA

CENTRE CODE: 090054

TOPIC: COMPARING THE BEST HIRE PURCHASE PRICE BETWEEN COURTS AND
SINGERS
TABLE OF CONTENT
Content
COVER PAGE.................................................................................................................................1
TABLE OF CONTENT...................................................................................................................2
ACKNOWLEDGEMENT.................................................................................................................2
INTRODUCTION.............................................................................................................................3
PROJECT TITLE..............................................................................................................................4
OBJECTIVES...................................................................................................................................5
METHOD OF DATA COLLECTION..............................................................................................7
PRESENTATION OF DATA...........................................................................................................8
ANALYSIS OF DATA...................................................................................................................10
DISCUSSION OF FINDINGS........................................................................................................11
CONCLUSION...............................................................................................................................12
REFERENCES................................................................................................................................13

ACKNOWLEDGEMENT
THE RESEARCHERS WOULD LIKE TO GIVE THANKS FIRSTLY TO GOD
ALMIGHTY FOR GIVING US HEALTH AND STRENGTH TO COMPLETE THIS
PROJECT. THE RESEARCHERS WOULD ALSO LIKE TO THANK AND
APPRECIATE THE GROUP MEMBERS WHO PLAYED A MAJOUR PART IN
CONTRIBUTING TO THE COMPLETION OF THE SBA BY SHARING THEIR
KNOWLEDGE.WE WOULD ALSO LIKE TO THANK OUR TEACHER FOR HER
GUIDANCE AND PATIENCE IN HELPING US PUT TOGETHER THIS PROJECT,
AND FINALLY SPECIAL THANKS TO THE APPLIANCES STORE MANGER AND
EMPLOYES FOR ALLOWING US TO TAKE PICTURES AND SHARING THEIR
KNOWLEDGE ON THE APPLIANCES.

INTRODUCTION
THE PURPOSE OF THIS SCHOOL BASED ASSESSMENT WAS COMPOSED TO HELP
A PERSON DETERMINE WHICH ENTITY IS SUITABLE FOR THEM TO PURCHASE
A REFIGERATOR FROM HIRE PURSHASE OR CASH PRICE, UPON THE
COMPLETION OF THE SBA THE STUDENTS WOULD BE ABLE TO TELL PERSON
WHICH ENTITY WOULD BE BEST TO PURCHASE THE REFRIGEATOR.

PROJECT TITLE

To determine the best entity to purchase a refrigerator from either by hire purchase or cash price
OBJECTIVES

TO DETERMINE WHICH ENTITY IS BEST TO PURCHASE A REFRIGATOR FROM THE HIRE

PURCHASE OR CASH PRICE.
TO OBTAIN A BETTER UNDERSTNDING ON HIRE PURCHASE AND CASH PRICE

METHOD OF DATA COLLECTION

Courts refrigerator
 Singer’s refrigerator

PRESENTATION OF DATA
 Courts
Cash price $179,909
Weekly installments $2774
36 months
Hire purchase $399,456
Hire purchase – Cash price
$399,456 - $179,999
=$ 219,457

Singers
Weekly $1973
Spot cash $136,800
Regular $152,000. (Cash price)
Hire purchase $284,112
Hire purchase – cash price
$284,112 – $152,000
=$132,112.

GRAPH
 Courts

Weekly Installments Hire Purchase Cash Price Total Payment

ANALYSIS OF DATA

The hire purchase of the refrigerator from courts is $399,456 while the hire purchase from singers is
$284,112. The hire purchase from Courts had a decrease from singers by $115,344. The cash price of
the refrigerator from Courts is $179,999 while the cash price of the refrigerator from singers is
$152,000.
DISCUSSION OF FINDINGS

Though the hire purchase amount is more it would be paid (interest), most people use this method
because they cannot afford to pay for the item with cash all at once. Hire purchase has been seen to be
used worldwide as a method of purchasing expensive items.
Using cash price would also be easy for those who can pay off the entire amount because they
wouldn’t need to pay interest. However, with hire purchase it gives you an adequate amount of time
to pay off the price. Buying materials from Courts on hire purchase would be better than buying
materials from singer on cash price.
CONCLUSION

It can be concluded that purchasing a LG refrigerator from courts on hire purchase would be a better
deal than purchasing the exact same fridge from singers with cash price.
If you wanted to pay on cash price for a refrigerator, singers would be the ideal place to go
for it is a better choice as shown in the collection of data.
REFERENCES

 Courts
 Lucky dollar
 CXC Mathematics for today 2. G. Buckwell, R. Solomon, T. C. Harris.
 Mathematics. A Complete Course. Volume 2. Raymond Toolsie.