Question

Andy is buying a car

he negotiated a 7% decrease on a £6 500 car
he will pay the full balance in 12 equal month payments
calculate the amount paid each month

Answer 1

7% decrease on a £6,500 car

= 7% of 6,500

= 7/100 * 6,500

= 0.07 * 6500

= £455

Amount of the car = £6,500 - £455

= £6,045

he will pay the full balance in 12 equal month payments

Amount paid each month = £6,045/12 months

= £503.75 per month

Explanation:

Answer 2

£503.75 per month

Explanation:

7% decrease on a £6,500 car

= 7% of 6,500

= 7/100 * 6,500

= 0.07 * 6500

= £455

Amount of the car = £6,500 - £455

= £6,045

he will pay the full balance in 12 equal month payments

Amount paid each month = £6,045/12 months

= £503.75 per month