Drew collins purchased a new treadmill for $1,662. He made 15% down payment and financed the remainder. What amount did he finance?

Question

Daniela James

Mathematics

14 December, 07:37

Drew collins purchased a new treadmill for $1,662. He made 15% down payment and financed the remainder. What amount did he finance?

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Answers (1)

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Lydia Ferguson · Answer 1

Given that Collins made 15% down payment, the amount to be financed will be given by:

(Price of treadmill) - (down payment)

down payment=15/100*1662

=$249.3

thus the amount to be financed will be:

1662-249.3

=$1412.7