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lozanna [386]
3 years ago
5

Andy is buying a car.

Mathematics
1 answer:
abruzzese [7]3 years ago
4 0

Answer:

The amount of car payed each month after 7% decrease in price is 503.75 unit

Step-by-step explanation:

Given as :

The initial price of car = 6,500  unit

The decrease rate = 7%

The time period = 1 year

So, Final value = Initial value × (1-\frac{Rate}{100})^{Time}

So, Final value = 6,500 × (1-\frac{7}{100})^{1}

Or, Final value = 6,500 × 0.93

Or, Final value = 6,045 unit

So, The price of car after 7% decrease is 6,045 unit

Now This amount will be paid in 12 equal monthly payment

So, The amount payed each month = \frac{6045}{12} = 503.75 unit

Hence The amount of car payed each month after 7% decrease in price is 503.75 unit  Answer

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