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Amanda Bryan purchased a used car for $12,875 with a 25% down payment. What amount did she finance?

User Neuron
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Answer: If Amanda Bryan purchased a used car for $12,875 and made a 25% down payment, then she paid:

25% of $12,875 = 0.25 * $12,875 = $3,218.75

This means that the amount she financed (i.e. borrowed) to purchase the car is the difference between the total cost of the car and the down payment:

Amount financed = Total cost - Down payment

Amount financed = $12,875 - $3,218.75

Amount financed = $9,656.25

Therefore, Amanda Bryan financed $9,656.25 to purchase the used car.

Explanation:

User Blake Lockley
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