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16 February, 19:59

A Chevrolet was purchased for $23, 750 and a 20% down payment was made. Find the amount financed.

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  1. 16 February, 20:23
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    They put 20% down so that means 80% was financed (100% - 20% = 80%).

    Multiply the purchase price by 80%:

    23750 x 0.80 = $19,000 was financed.
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