An author bought a sports car for $30,000 and made a down payment of 15% of the purchase price. Find the amount financed.

Name: An author bought a sports car for $30,000 and made a down payment of 15% of the purchase price. Find the amount financed.
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Question

Quizplus · Accepted Answer

To find the amount financed, we need to subtract the down payment from the purchase price:

Purchase price = $30,000
Down payment = 15% of $30,000 = $4,500

Amount financed = $30,000 - $4,500 = $25,500

Therefore, the correct answer is D.

An Author Bought a Sports Car for $30,000 and Made