A vehicle costs $25,000. If you make a 10% down payment, how much do you need to finance?
Answer
$22500
How to solve it
1
Vehicle price: $25,000
2
Down payment: 10% of $25,000 = $2,500
3
Amount to finance: $25,000 - $2,500 = $22,500
Hints
Calculate down payment
Subtract from total price