Question

The Lee family buys a new car that has a sales price of $35,000. If the car dealer requires a minimum down payment of 15%, what is the minimum down payment in dollars the Lees must pay for their car?

Answer 1

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Answer:

$5,250

Step-by-step explanation:

The less must pay a minimum down payment that is equivalent to 15% the sales price of the new car.

Given that the price of the new car is $35,000, the product of 15% with this amount will equal the down payment.

As such, the down payment

= 15% * $35,000

= 0.15 * $35,000

= $5,250