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Michael is going to buy a car, The car costs £2400, He pays a deposit of 20%, He pays the rest of the money over 20 monthly payments, Work out the cost of each monthly payment.
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Michael is going to buy a car,

The car costs £2400,
He pays a deposit of 20%,
He pays the rest of the money over 20 monthly payments,
Work out the cost of each monthly payment.

User Semenchikus
by
8.1k points

1 Answer

6 votes

Answer: 96 Euros each month

Step-by-step explanation: 2400 * 0.2 = 480 -> 2400-480 = 1920(this is the amount of money needed to pay each month) 1920 / 20 = 96

User Lanwen
by
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