3. Discuss the advantages and disadvantages of buying on
(1) Hire purchase​

1)Disadvantages of Hire Purchase

The loan is secured against the vehicle: The vehicle can be repossessed if payments are not kept up.

Non-payment can negatively affect your credit rating.

The finance company are the legal owners of the vehicle until the agreement is paid in full.

2)Advantages of Hire Purchase

Kind to your cashflow. ...

Access high-spec Assets. ...

Lower interest than other funding options. ...

It is possible to claim capital allowances against tax. ...

Own the asset after the last installment. ...

Committing to ongoing fixed payments. ...

Higher cost overall. ...

Asset depreciation.

- "runner b is moving at a slower rate."

- "the graphs shown are graphs of distance(km) against time(min).

the slopes of this graphs are are given by:

slope = (change in y)/(change in x)

= (change in distance)/(change in time)

this is the formula for finding the speed. so, the slope of these graphs represent the speed of the runner.

taking each division in the graph to represent 1 on both axis:

runner a ⇒ speed = (2-0)/(1-0)

= 2/1

= 2 km/min

runner b ⇒ speed = (3-0)/(3-0)

= 3/3

= 1 km/min

this shows that   runner b is moving at a slower rate."