Question

You bought a car for $19,999 and your bank requires 10% down. How much money is

your bank willing to lend you?
Use X in the equation

Answer 1

$17,999.10

Explanation:

Let x represent the amount the bank will lend.

x = $19,999(1 -10%) = 0.90($19,999) = $17,999.10

The bank is willing to lend $17,999.10 on the car.