Q. Amadou wants to buy a car for $16,000. If he wants to make a down payment of 12%, then how much does Amadou need to borrow from the bank?Answer:
Convert to decimal: Convert the down payment percentage to a decimal.12% as a decimal is 12÷100=0.12.
Calculate down payment: Calculate the down payment amount.Down payment amount = Car price × Down payment percentage in decimal.Down payment amount = $16,000×0.12.Down payment amount = $1,920.
Calculate amount to borrow: Calculate the amount Amadou needs to borrow from the bank.Amount to borrow = Car price - Down payment amount.Amount to borrow = $16,000 - $1,920.Amount to borrow = $14,080.
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