Answer:
Each payment should be £172.5
Step-by-step explanation:
Cost of electricity for next year = £600
Administration charge = 15%
Daryl wants to pay in four equal instalments throughout the year,
How much should each payment be?
First we need to find the total cost of bill by adding 15% of administration charge by finding 15% of 600
[tex]15\% \:of\: 600\\=\frac{15}{100}\times 600\\= 90[/tex]
So, 15% of 600 is 90
Now adding 90 into the electricity cost:
600+90
= 690
Now, the total cost of electricity bill is £690
Daryl wants to pay in four equal instalments.
So, divide 690 by 4
Each payment for instalments is: [tex]\frac{690}{4} = 172.5[/tex]
So, Each payment should be £172.5
