Respuesta :

Answer:

503.75 would be the payment.

Step-by-step explanation:

7% of 6500 = 455

0.07x6500= 455

6500-455= 6045

6045/12 = 503.75

Answer:

Monthly installment [tex] =\pounds \: 503.75[/tex]

Step-by-step explanation:

[tex]marked \: price \: of \: car = \pounds6500 \\ selling \: price \: of \: car \\ = 6500 - \frac{7}{100} \times 6500 \\ = 6500 - 455 \\ = \pounds6045 \\ \\ monthly \: installment \\ = \frac{6045}{12} \\ = \pounds \: 503.75[/tex]