To calculate the down payment for the air conditioning system, you multiply the total cost ($4,700.00) by the down payment percentage (15%). Monique's down payment would be $705.00.
The student asked how much the down payment is for a $4,700.00 air conditioning system with a 15% down payment requirement. To calculate the down payment, you multiply the total cost of the item by the percentage required for the down payment. In this case:
Down Payment = Total Cost x Down Payment Percentage
Down Payment = $4,700.00 x 0.15
Down Payment = $705.00
So, Monique will need to pay $705.00 as the down payment for her air conditioning system.