Andy is buying a car.
he negotiated a 7% decrease on a 6,500 car.
he will pay the full balance in 12 equal monthly payments.
calculate the amount payed each month.

The amount of car payed each month after 7% decrease in price is 503.75 unit

Step-by-step explanation:

Given as :

The initial price of car = 6,500  unit

The decrease rate = 7%

The time period = 1 year

So, Final value = Initial value ×

So, Final value = 6,500 ×

Or, Final value = 6,500 × 0.93

Or, Final value = 6,045 unit

So, The price of car after 7% decrease is 6,045 unit

Now This amount will be paid in 12 equal monthly payment

So, The amount payed each month = = 503.75 unit

Hence The amount of car payed each month after 7% decrease in price is 503.75 unit  Answer

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