Question

Would someone please help me answer this Math problem? Soon as possible!

Max would like to buy a vehicle priced at $25,050. Assume he has saved 30% of the purchase price for a down payment. How much money does he need to finance?

Answer 1

The money that needs to be finance is $17,535.

Given that,

• The vehicle should be purchased at $25,050.
• And, he saved 30% of the purchase price for the down payment.

Now based on the above information, the money that needs to be finance is

= 70% of 25,050

= $17,535

Therefore we can conclude that the money that needs to be finance is $17,535.

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