Question

Sorry I posted the wrong thing earlier so can you do this question for me

Answer 1

The monthly payment is £114.

Step-by-step explanation:

Step 1:

First, we determine how much the TV costs in total.

The TV is priced at £1,200 and a 20% VAT.

The total cost of the TV $= 1,200 + (0.20)(1,200) = 1,200 + 240 = 1,440.$

So the total cost of the TV is £1,440.

If a deposit of £300 is paid, the balance to be paid $= 1,440 - 300 = 1,140.$

This £1,140 is to be paid in the next 10 months.

Step 2:

To calculate the monthly cost to be paid we divide the total cost by the number of months.

The cost to be paid every month $= \frac{1,140}{10} = 114.$

So the monthly payment is £114.