Question

Sarah buys a caravan. the cost of the caravan is £15600 plus vat at 20%. Sarah pays a deposit of £5000 she pays the rest of rest of the cost in 10 equal payments. work out the amount of each of the 10 payments.​

Answer 1

Explanation:

VAT = 20% of 15600

`=(20)/(100)*15600\\\\=20*156\\`

= £ 3120

Cost of the caravan including tax = 15600 + 3120 = £ 18720

Rest amount after paying deposit = 18720 - 5000 = £13720

Amount to paid of each of 10 payments = 13720/10 = £ 1372