formula 5 points abbie wants to purchase a new tv that costs $500. she signs an installment agreement…

formula 5 points abbie wants to purchase a new tv that costs $500. she signs an installment agreement requiring a 6% down payment. how much money will abbie need for the down payment? round to the cent answer

formula 5 points abbie wants to purchase a new tv that costs $500. she signs an installment agreement requiring a 6% down payment. how much money will abbie need for the down payment? round to the cent answer

Answer

Explanation:

Step1: Convert percentage to decimal

6% = 0.06

Step2: Calculate down - payment amount

Down - payment = 0.06×500 $= 30$

Answer:

$30.00$