Question

With

Answer 1

Answer:

Each monthly payment is of £560.

Step-by-step explanation:

Sue buys a car costing £8000 plus 20% VAT?

She has to pay:

8000 plus 20% of tax. So

$T = 8000 + 0.2*8000 = 9600$

She pays £4000 deposit and then chooses to pay the balance in ten equal monthly payments.

4000 deposit, and then 9600 - 4000 = 5600 divided in ten equal monthly payments.

5600/10 = 560

Each monthly payment is of £560.