Question

The price of a new car is £27000 In a sale, the price is reduced by 30% Brodie buys the car in the sale. He pays a £8000 deposit and pays the rest over 50 monthly payments. Find the cost of each monthly payment.​

Answer 1

£218

Explanation:

price of the car = £27000

reduce 30% = 30/100 x 27000 = £8100

£27000 - £8100 = £18900

£18900 - £8000 = £10900

installment per month = £10900/50 = £218