Question

john wants to purchase a boat that costs $1,500. He signs an installment agreement requiring a 20% down payment. How much will john need for the down payment

Answer 1

$300 down payment

Explanation:

John wants to purchase a boat that costs $1,500. He signs an installment agreement requiring a 20% down payment. How much will john need for the down payment

20% = 0.20

0.20 * 1,500 = $300 down payment