Question

andy is buying a car he negotiated a 7% decrease on a £6500, he will pay the full balance in 12 equal monthly payments.
Calculate the amount paid each month

Answer 1

Answer:

£503.75

Step-by-step explanation:

Since this is decrease, you should:

100% - 7%= 93%

93% of £6500=

£6500 ÷ 100= £65

£65 X 93= £6045

£6045 ÷ 12= £503.75

Answer 2

Answer:

£503.75

Step-by-step explanation:

7% of £6500 is £455

So to decrease it by 7% you have to do £6500 minus £455 which is £6045.

This is the amount per year the you would need to divide that by 12 which would be £503.75.

So the amount paid each month would be £503.75.