Question

Peter pays a $1200 deposit on his holiday and then $185 per month for a year. The cash price of the holiday is $2700. How much did Peter pay for his holiday?​

Answer 1

Explanation:

Peter paid a $1200 deposit on his holiday, so he still needs to pay $2700 - $1200 = $1500.

He pays $185 per month for a year, which means he pays $185 x 12 = $2220 in total over the year.

So, the total amount Peter paid for his holiday is $1200 deposit + $2220 paid in monthly installments = $3420.

Therefore, Peter paid $3420 for his holiday.