harry buys a TV priced at £1200 plus VAT at 20% . he pays £300 deposit and the balance in ten equal monthly payments. Calculate each payment
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Answered by
23
His each payment is £114.
Step-by-step explanation:
Given data;
- Given, Harry buys a TV priced at £1200 plus VAT at 20%.
- He pays £300 deposit and the balance in ten equal monthly payments.
To find:
The amount of each payment
Solution:
Price of the TV = £1200
20% VAT = £(1200 × 20/100) = £240
Then total payable amount = £(1200 + 240) = £1440
He pays £300 deposit.
So, balance = £(1440 - 300) = £1140
When this balance is paid in ten equal monthly payments, then the amount of each payment is £(1140/10) = £114.
Answered by
0
Answer:
114
Step-by-step explanation:
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