anonymous
  • anonymous
Monica booked a trip to Disneyland for herself and her family.The total cost of the trip was 5800 pounds plus VAT at 20%. She paid 1300 pounds of the total cost when she booked her holiday. She paid the rest of the total cost in 6 equal months.Work out the amount of each monthly payment,
Mathematics
chestercat
  • chestercat
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anonymous
  • anonymous
Michele_Laino
  • Michele_Laino
we have to compute the total cost, first
Michele_Laino
  • Michele_Laino
total cost is 5800 + VAT, namely: \[\Large 5800 + \left( {5800 \cdot \frac{{20}}{{100}}} \right) = ...?\]

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texaschic101
  • texaschic101
is VAT taxes ??
Michele_Laino
  • Michele_Laino
yes!
anonymous
  • anonymous
yes
texaschic101
  • texaschic101
gotcha....I understand now
texaschic101
  • texaschic101
sorry...continue explaining Michele
anonymous
  • anonymous
Michele_Laino
  • Michele_Laino
if you want please continue @texaschic101 :)
anonymous
  • anonymous
is that correct @Michele_Laino
anonymous
  • anonymous
please proceed @Michele_Laino
Michele_Laino
  • Michele_Laino
yes!, nevertheless you have compute this: 5800+1960=...?
texaschic101
  • texaschic101
total cost would be 5800 + 20% of 5800 5800 + .2(5800) = total cost
Michele_Laino
  • Michele_Laino
correct! @texaschic101
anonymous
  • anonymous
hmm is the answer to this part 1160?
texaschic101
  • texaschic101
not quite.. 5800 + 1160 = total cost
anonymous
  • anonymous
ok im confused
texaschic101
  • texaschic101
turn your percent to a decimal 20% = 0.2 5800 + 0.2(5800) = total cost 5800 + 1160 = total cost 6960 = total cost understand ?
anonymous
  • anonymous
yes thanks next please @texaschic101
texaschic101
  • texaschic101
so she paid 1300 6960 - 1300 = ?? (you can do the math)
anonymous
  • anonymous
5660
texaschic101
  • texaschic101
ok....correct....so we have 5660 she then paid 6 equal monthly installments....so we divide by 6 5660/6 = each monthly installment
anonymous
  • anonymous
943.333333
texaschic101
  • texaschic101
which rounds to what ?
anonymous
  • anonymous
940
anonymous
  • anonymous
or just 943
texaschic101
  • texaschic101
I would probably round it like this.. 943.33333 = 943.33
anonymous
  • anonymous
ok
texaschic101
  • texaschic101
give medal to Michele....I shouldn't have taken over her job at explaining it to you
anonymous
  • anonymous
ok if you insist but thank you so much @texaschic101
texaschic101
  • texaschic101
no problem :)

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