Question

You purchase a new LCD monitor for $1,351. You put a 8% down payment and $59.56 per month on a 24 month purchase plan. What is the amount of the down payment?

Answer 1

108.08 is the right answer

Answer 2

The amount of the down payment is:

$ 108.08

Explanation:

It is given that:

You purchase a new LCD monitor for $1,351.

You put a 8% down payment and $59.56 per month on a 24 month purchase plan.

This means that the down payment made is 8% of the total amount of the LCD monitor.

i.e.

The amount of the down payment= 8% of 1,351

i.e.

The amount of the down payment= 0.08 of 1,351

i.e.

The amount of the down payment=0.08×1,351

i.e.

The amount of the down payment= $ 108.08