Sasha has booked herself a holiday to escape the British weather.
The total cost of the holiday is £2400.00.
Sasha pays a deposit followed by monthly payments, in the ratio:
Deposit : Total of the monthly payments = 3 : 5
Sasha makes 6 equal monthly payments.
Work out Sasha’s monthly payment.
Answer:
2400/8 = 300
Total value of monthly payments = 5 x 300 = £1500
Therefore, each monthly payment = 1500/ 6 = £250