Question

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

Answer 1

Okay, first we need to know what 7% of £6500

To get that we must multiply £6500 by .07

£6500 × .07 = 455

£455 pounds is how much you must take away from £6500 to get how much Andy will pay over the course of 12 months
£6500 - £455 = £6045

To see how much he pays a month for 12 months, divide

`(6045)/(12)`
= £503.75

That's your final answer!