Question

Andy is buying a car. He negotiated a 7% decrease on a 6 500 car. He will pay tue full balance in 12 equal monthly payments Calculate tue amount paid each month

Answer 1

Given :

Andy is buying a car. He negotiated a 7% decrease on a 6 500 car. He will pay due full balance in 12 equal monthly payments.

To Find :

Due amount paid each month.

Solution :

Amount in which he buy the car :

`A= 6500-6500* (7)/(100)\\\\A = \$6045`

Now, amount he has to pay per month :

`P = (A)/(12)\\\\P=(6045)/(12)\\\\P=\$503.75`

Hence, this is the required solution.