Question

Chester bought a new car with a sticker price of $18,675. He paid 25% of the cost as a down payment. What amount did he Finance?

Answer 1

Given, sticker price, C=$18675.

The down payment amount can be calculated as,

$D=18675\times\frac{25}{100}=4668.75$

Now, the amount he financed can be calculated as,

$S-D=18675-4668.75=14006.25$