Peter buys a camper van costing £35000 + 20% VAT he pays a 50% deposit and then arranged to pay the remaining balance in 20 equal monthly instalments calculate the amount paid each month by Peter

35,000 + 20% VAT ...

35,000 * 1.20 = 42,000

he paid a 50% deposit ... 0.50 (42,000) = 21,000

leaving : 42,000 - 21,000 = 21,000

he paid remaining balance is 20 equal monthly installments ...

21,000 / 20 = $ 1050 per month <===