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Harry buys a TV priced at 1200 plus 20% VAT. He pays 300 pounds deposit and the balance in ten equal monthly payments. Calculate each monthly payment.
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Harry buys a TV priced at 1200 plus 20% VAT.

He pays 300 pounds deposit and the balance in ten equal monthly payments.
Calculate each monthly payment.

User CMPS
by
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1 Answer

6 votes
Harry's final payment = 1200 + 20% = 1440 POUNDS.

His initial deposit = 300 POUNDS = 1440 - 300 = 1140 POUNDS.

His EMI (Equal Monthly Payments) = 1140 / 10 = 114 POUNDS

Hope this helps! :D
User Llamarama
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