Question

Drew collins purchased a new treadmill for $1,662. He made 15% down payment and financed the remainder. What amount did he finance?

Answer 1

Given that Collins made 15% down payment, the amount to be financed will be given by:
(Price of treadmill)-(down payment)
down payment=15/100×1662
=$249.3
thus the amount to be financed will be:
1662-249.3
=$1412.7