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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:

Amadou wants to buy a car for $16,000 \$ 16,000 . If he wants to make a down payment of 12% 12 \% , then how much does Amadou need to borrow from the bank?\newlineAnswer:

Full solution

Q. Amadou wants to buy a car for $16,000 \$ 16,000 . If he wants to make a down payment of 12% 12 \% , then how much does Amadou need to borrow from the bank?\newlineAnswer:
  1. Convert to decimal: Convert the down payment percentage to a decimal.\newline12%12\% as a decimal is 12÷100=0.1212 \div 100 = 0.12.
  2. Calculate down payment: Calculate the down payment amount.\newlineDown payment amount = Car price ×\times Down payment percentage in decimal.\newlineDown payment amount = $16,000×0.12\$16,000 \times 0.12.\newlineDown payment amount = $1,920\$1,920.
  3. Calculate amount to borrow: Calculate the amount Amadou needs to borrow from the bank.\newlineAmount to borrow = Car price - Down payment amount.\newlineAmount to borrow = $16,000\$16,000 - $1,920\$1,920.\newlineAmount to borrow = $14,080\$14,080.

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