Question

a man has been driving a second hand car for the past four years. over these four years he managed to save 16% as a deposit of the price of the brand new car he wants to buy. the price of the new car is 750 000... calculate the amount he saved for the deposit​

Answer 1

$120,000

Explanation:

Provided that

The price of the new car is $750,000

And, the saving percent is 16%

We need to calculate out the saving amount for the deposit

Therefore, the saving amount is

= $750,000 × 16%

= $120,000

Basically we multiply these two things to each other in order to get the saving amount