Question

Mitchell buys a $1,400 dryer with an installment plan that requires 17% down. How much is the down payment?

Answer 1

The amount of down payment Michelle paid for a dryer of $1,400 at 17% down payment is $238

Given:

Total cost of dryer = $1,400

down payment percentage = 17%

Amount paid for down payment = 17% of $1,400

= 17/100 × 1400

= 0.17 × 1400

= $238

Therefore, the amount of down payment Michelle paid for a dryer of $1,400 at 17% down payment is $238

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