Question

Jan purchased two new appliances for $ 6,000. She made a 10% down payment and financed the rest using installment sales credit from the appliance store. What is the amount financed?

Answer 1

The amount financed is $5,400.

Step-by-step explanation:

To find the amount financed, we need to subtract the down payment from the total purchase price. In this case, the down payment is 10% of the total purchase price, which is $6,000. So, the down payment is $600. Therefore, the amount financed is $6,000 - $600 = $5,400.