select the correct answer. mrs. smith wants to use an installment plan to buy a washing machine and dryer…

select the correct answer. mrs. smith wants to use an installment plan to buy a washing machine and dryer set priced at $1,500. the installment plan requires a down - payment of 12%. how much will mrs. smith have to pay at the time of purchase (not including taxes)? a. $120 b. $150 c. $180 d. $1,200

select the correct answer. mrs. smith wants to use an installment plan to buy a washing machine and dryer set priced at $1,500. the installment plan requires a down - payment of 12%. how much will mrs. smith have to pay at the time of purchase (not including taxes)? a. $120 b. $150 c. $180 d. $1,200

Answer

Explanation:

Step1: Identify the price and down - payment percentage

The price of the washing machine and dryer set is $1500, and the down - payment percentage is 12%.

Step2: Calculate the down - payment amount

The formula for calculating the down - payment amount is $Down - payment=Price\times Down - payment\ percentage$. So, $1500\times0.12 = 180$.

Answer:

C. $180