Question 3 Solve the problem Find the amount financed on a T

Question 3

Solve the problem.

Find the amount financed on a TV with a cash price $430.00 and a down payment of $86.00.

$429.80

$86.00

$344.00

$430.00

Solution

Amount Financed = Cash Price - Down Payment Amount

=> $430 - $86

=> $344

Hence the correct answer is Option C