Question

Bhavin buys a car in a sale. Before the sale, the cost of the car was £6720 In the sale, the cost of every car is reduced by 20% bhavin pays adeposit of £1500 He will pay the rest of the cost in 24 equal montly payments work out the amount of each monthly payment

Answer 1

£161.5

Explanation:

Given,

The original value of the car = £ 6720,

After reducing the price by 20%,

Then the final value of the car = (100 - 20)% of original value of the car

= 80% of 6720

`=(80* 6720)/(100)`

`=8* 672`

= £ 5376,

After paying £1500,

Remaining amount to pay = £5376 - £1500 = £3876,

If equal amount is paid each months for 24 months,

Then the amount paid in each month =
`(3876)/(24)` = £161.5

Answer 2

The amount paid monthly will be 161.5 pound

Explanation:

It is given that the cost of the car is 6720 pound

It is given that cost of every car is reduced by 20 %

So new cost of car =
`6720-(6720* 20)/(100)=6720-1344=5376pound`

It is given that he has deposited 1500 pound

So the amount which he has to deposit = 5376 -1500 = 3876 pound

He paid the left amount in 24 equally

So the monthly paid amount =
`(3876)/(24)=161.5pound`