Choosing a borrowing product, hire purchase and ownership, what APR compares, simple and compound interest worked through, budgeting, protection, credit…
10 questions • Zestly
• Priya is paid monthly and expects to be about 200 pounds short for the last four days before her salary arrives. She will clear the balance…
• Daniel buys a car under a hire purchase agreement and is making monthly payments. At what point does he become the legal owner of the car?
• Priya is comparing two different credit products. What does the Annual Percentage Rate (APR) allow her to do?
• Daniel puts 2 000 pounds into an account paying 3 per cent simple interest per year and leaves it for two years. How much interest does he…
• Priya leaves 1 000 pounds in an account for two years paying 5 per cent compound interest per year. How much interest is earned in total?
• Priya has a monthly take-home pay of 1 800 pounds, fixed outgoings of 1 250 pounds, and variable spending averaging 480 pounds. What is her…
• Daniel is self-employed and wants to ensure he can pay his bills if illness prevents him from working for several months. Which product is…
• Which of the following is most likely to make it harder for Priya to be approved for credit?
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