Financial Investigation: Buying a Car - Questions - Class Mathematics School Portal

Financial Investigation: Buying a Car - Questions

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Question 1

29583

Mrs Brown buys a used car by paying a 20% deposit. If the car has a cash price of $10400, find the balance owing after the deposit is paid.

Answer

$8320

Worked Solution

\begin{align}
&\begin{aligned}
\text { Deposit } &=10400 \times 20\% \\
&=10400 \times \frac{20}{100} \\
&=2080
\end{aligned}\\
&\begin{aligned}
\text { Balance } &=10400-2080 \\
&=\$ 8320
\end{aligned}
\end{align}

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