If I pay my gas bill within seven days, I get a reduction of an eighth of the price. If my bill is £120, how much can I save?
The reduction is an eighth of the price, which means 1/8 of £120 = £15.
Therefore, if you pay within the seven-day period, you can save £15 on your gas bill.
To calculate the amount you can save, follow these steps:
Step 1: Find the reduction amount per bill.
Since you mentioned that paying within seven days gives a reduction of an eighth, divide the bill amount by 8:
£120 ÷ 8 = £15
Step 2: Determine the amount you can save.
Multiply the reduction amount by the number of bills you will pay within seven days.
£15 x 1 = £15
Therefore, you can save £15 on your gas bill by paying within seven days.