SOLUTION: Andy is buying a car he negotiated a 7% decrease on a £6500 car he will pay the full balance in 12 equal monthly payments calculate the amount he paid each month

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Question 1155176: Andy is buying a car he negotiated a 7% decrease on a £6500 car he will pay the full balance in 12 equal monthly payments calculate the amount he paid each month
Answer by mananth(16946) About Me  (Show Source):
You can put this solution on YOUR website!
Andy is buying a car he negotiated a 7% decrease on a £6500 car he will pay the full balance in 12 equal monthly payments calculate the amount he paid each month

7% discount so he pays 100-7 = 93% of the car value
93% * 6500= 6045
6045/12 = 503.75
$503.75 per month