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Joseph wants to buy a car for $22,000. If he can make a down payment of $2,860, then how much does Joseph need to borrow from the bank? Answer:

Joseph wants to buy a car for $22,000 \$ 22,000 . If he can make a down payment of $2,860 \$ 2,860 , then how much does Joseph need to borrow from the bank?\newlineAnswer:

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Full solution

Q. Joseph wants to buy a car for $22,000 \$ 22,000 . If he can make a down payment of $2,860 \$ 2,860 , then how much does Joseph need to borrow from the bank?\newlineAnswer:
  1. Identify Cost and Down Payment: Identify the total cost of the car and the amount of the down payment.\newlineTotal cost of the car: $22,000\$22,000\newlineDown payment made by Joseph: $2,860\$2,860\newlineWe need to subtract the down payment from the total cost to find out how much Joseph needs to borrow.\newlineCalculation: $22,000−$2,860\$22,000 - \$2,860
  2. Calculate Amount to Borrow: Perform the subtraction to determine the amount to be borrowed.\newlineCalculation: $22,000\$22,000 - $2,860\$2,860 = $19,140\$19,140\newlineJoseph needs to borrow $19,140\$19,140 from the bank.

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