Peter buys a camper van costing £35 000 + 20% VAT. He pays a 50% deposit and then arranges to pay the remaining balance in 20 equal monthly instalments.

Calculate the amount paid each month by Peter.

Question

Mathematics

Desmond Mckenzie

28 January, 03:46

Peter buys a camper van costing £35 000 + 20% VAT. He pays a 50% deposit and then arranges to pay the remaining balance in 20 equal monthly instalments.

Calculate the amount paid each month by Peter.

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Answers (1)

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Fletcher Nolan · Answer 1

The total cost is 35000+7000=£42000. After the deposit has been deducted, £21000 remains to be paid. The amount of each instalment is 21000/20=2100/2=£1050.

Peter buys a camper van costing £35 000 + 20% VAT. He pays a 50% deposit and then arranges to pay the remaining balance in 20 equal monthly instalments.Calculate the amount paid each month by Peter.

Peter buys a camper van costing £35 000 + 20% VAT. He pays a 50% deposit and then arranges to pay the remaining balance in 20 equal monthly instalments.

Calculate the amount paid each month by Peter.