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.
