Peter buys a camper van costing £35000 + 20% VAT. He pays a 50% deposit and then arranges to pay the remaining balance in 20 equ
al pay monthly instalments. Calculate the amount paid each month by Peter.
1 answer:
The amount paid each month is 1050.
35,000 plus 20% is 42,000 because 20% of 35,000 is 7,000.
Next, divide 42,000 by 20, and you would get 1050.
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