GCSE Secondary Maths Age 13-17 - Ratio, Proportion & Rates of Change: Percentages - Explained

The video tutorial explains how to calculate the monthly installment Sean needs to pay for a loan of £720 with a 15% interest rate. It covers calculating the interest, adding it to the principal to find the total repayment, and dividing this amount by 12 to determine the monthly payment. The tutorial provides a step-by-step breakdown of the calculations, ensuring clarity and understanding.

Explain how you calculated 15% of £720.

Describe the steps involved in determining the total repayment amount.