Juan Sevez buys a new computer priced at $650. He makes a down payment of 15%. How much of the...

Question:

Juan Sevez buys a new computer priced at $650. He makes a down payment of 15%.

How much of the purchase is not paid for? (Round to nearest hundredth.)

Down Payment

The down payment is the initial amount that is made to purchase an item. This is a percentage of the total amount. The rest of the amount can then be paid installments.

Answer and Explanation:


We first need to find the down payment made. The down payment is 15% of the total price, $650. This is:


$$\begin{align} \text{Down Payment}&=15\%*650\\ &=\frac{15}{100}*650\\&=\$97.5 \end{align} $$


Thus, the down payment is $97.5.

The amount remaining is the amount not paid. This is 650-97.5=$552.5.


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