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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

Respuesta :

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 :

[tex]A= 6500-6500\times \dfrac{7}{100}\\\\A = \$6045[/tex]

Now, amount he has to pay per month :

[tex]P = \dfrac{A}{12}\\\\P=\dfrac{6045}{12}\\\\P=\$503.75[/tex]

Hence, this is the required solution.