Question

Rebecca Whitaker purchased a new stereo for $767. She made a 20 percent down payment and financed the remainder. What amount did she finance?a. $617.50b. $665.00c. $767.00d. $613.60

Answer 1

The amount of the stereo is $767.

A down payment of 20% was made,that means;

`\begin{gathered} \text{Deposit}=767*(20)/(100) \\ \text{Deposit}=767*0.2 \\ \text{Deposit}=153.40 \end{gathered}`

The amount she financed therefore is the difference between the total cost and her down payment.

Finance amount = 767 - 153.40

Finance amount = $613.60

The correct answer is option D