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

Question

asked Sep 9, 2021 222k views

1 Answer

Shazbot · Answer 1 · 2021-09-14T09:23:44+0000

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.