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 :

$A= 6500-6500\times \dfrac{7}{100}\\\\A = \ 6045$

Now, amount he has to pay per month :

$P = \dfrac{A}{12}\\\\P=\dfrac{6045}{12}\\\\P=\ 503.75$

Hence, this is the required solution.