Gabi wants to buy a flat.
The cost of the flat is £175 000
The bank uses this formula to wor...
Mathematics, 29.04.2021 18:20 rubend661
Gabi wants to buy a flat.
The cost of the flat is £175 000
The bank uses this formula to work out the mortgage Gabi can get.
M= 4.625A
M= mortgage (£)
A = annual income (£)
Gabi has an annual income of £34 000
She will have to pay a deposit for the flat.
The deposit is the difference between the cost of the flat and the mortgage.
a) Work out the deposit that Gabi will have to pay.
Answers: 3
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