Foundation January 2023 Paper 1 Q21

EdexcelFoundationCurrent spec7 marksPercentages

21 Shane bought a car.
The amount Shane paid for the car was $32 000

Theresa also bought a car.
To pay for this car, Theresa paid a deposit of $18 000 together with 14 monthly payments of $1160

Theresa paid more for her car than Shane paid for his car.

(a) Work out how much more Theresa paid as a percentage of the amount Shane paid. (4)

Kylie bought a van.
After 1 year, the value of the van was $39 865
During this year, the value of the van decreased by 15%

(b) Work out the value of the van when Kylie bought it. (3)