princesssmartypants
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mike works at Nassau motorbikes and wants to buy a 2000 Suzuki model which is valued at $6000. his boss has allowed him to pay $1200 down and then 15 monthly payments of $350.

Awhat was the percentage of the down payment?
Bwhat is the balance still left to pay?
Cwhat is the total of the monthly payments?
Dhow much would mike pay altogether in this deal?

Verified Answer :

APercentage of down payment = 1200 / 6000 100 = 1/5 100 = 20%

b) Balance left = 6000 - 1200 = $4800

c) Total monthly payments = 15 * 350 = 5250

d) Total altogether = 1200 + 5250 = $6450

Hope this helps!

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