sarah is paying $2,400 to have a hot tub installed. she sets up an installment plan with the company that requires a 20% down payment. she currently has $500.25

Question

sarah is paying $2,400 to have a hot tub installed. she sets up an installment plan with the company that requires a 20% down payment. she currently has $500.25 in savings does she have enough to cover the down payment

Answer 1

Hi Logan

 

What we need to know is if $500.25 at least as much at 20% of $2,400.

 

The word "of" in the sentence above means multiply.

 

Convert the percentage to a decimal and multiply it by the amount of the installation.

 

20% is 0.20

 

0.20 x 2400 = $480

 

Since Sarah has $500.25, she has enough to pay the $480 down payment.