Question 20 Solve the problem Find the amount financed if a

Question 20

Solve the problem.

Find the amount financed if a $25 down payment is made on a camera with a cash price of $260.

$260

$235

$315.86

$25

Solution

Down payment = $25

Cash price = $260

amount financed = 260 - 25 = $235

So your answer will be option B.