Answer:
£503.75
Step-by-step explanation:
Andy is buying a car.
Step 1
We calculate the decrease
He negotiated a 7% decrease on a £6 500 car.
Decrease = 7% × £6500
= $455
Step 2
We calculate the new price of the car.
= Old price - Decrease
= £6500 - £455
= £6045
Step 3
We calculate the amount he pays every month.
We are told that:
He will pay the full balance in 12 equal monthly payments.
Andy's monthly payments =
New price/12 months
= £6045/12
= £503.75
Therefore, the amount he would be paying each new month = £503.75
