Question

sarah buys a caravan the cost of the caravan is 15600 plus 20% vat she pays a 5000 deposit and the rest over 10 payments how much are the 10 payments

Answer 1

£1372

Step-by-step explanation

20% vat:

• 20% of 15,600 is 3120
• 3120+15,600= 18720

so if she paid a deposit of 5000 she would have a remaining amount of 13,720 in total

13720 divided by 10 equals 1372 so her 10 payments would be £1372