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13 October, 08:14

Drew collins purchased a new treadmill for $1,662. He made 15% down payment and financed the remainder. What amount did he finance?

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  1. 13 October, 11:25
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    Given that Collins made 15% down payment, the amount to be financed will be given by:

    (Price of treadmill) - (down payment)

    down payment=15/100*1662

    =$249.3

    thus the amount to be financed will be:

    1662-249.3

    =$1412.7
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