Question

Annie plans to purchase a car that will cost her $16,000. After putting down a 20% down payment, how much will Annie need to finance?

Answer 1

Convert 20% to a decimal by dividing by 100, = 0.20

16,000 x 0.20 = 3,200 deposit she paid. Subtract that from the total cost
16,000- 3,200= 12,800