Foundation November 2023 Paper 1 Q15
15 Steve is buying a car.
The car costs £12 000
Steve pays 25% of the cost as a deposit.
He pays the rest of the cost in 20 equal monthly payments.
How much is each monthly payment? (4)
| Answer | Mark | Mark scheme |
|---|---|---|
| 450 | P1 | for working with percentage eg \(12000 \times 25 \div 100\ (= 3000)\) oe OR for splitting the cost of the car over 20 months eg \(12000 \div 20\ (= 600)\) |
| P1 | for finding the amount to pay in instalments eg \(12000 - [\text{deposit}]\ (= 9000)\) OR for splitting the cost of the deposit over 20 months eg \([\text{deposit}] \div 20\ (= 150)\) OR for finding 25% of the monthly cost eg \(\text{``}600\text{''} \times 25 \div 100\ (= 150)\) oe | |
| P1 | for finding the amount required eg \(\text{``}9000\text{''} \div 20\) or \((12000 - [\text{deposit}]) \div 20\) OR \(\text{``}600\text{''} - \text{``}150\text{''}\) | |
| A1 | cao |
Additional guidance
[deposit] can be 3000 or any figure that is identified by them as the deposit or 25% of 12000 calculated incorrectly.