A carpenter bought a utility van for $21,000 and made a down payment of 20% of the purchase price.
a) Find the down payment.
b) Find the amount financed.
A) a) $1050; b) $19,950
B) a) $3150; b) $16,800
C) a) $4200; b) $16,800
D) a) $4200; b) $4200
E) a) $3150; b) $17,850

Question

A carpenter bought a utility van for $21,000 and made a down payment of 20% of the purchase price. 
a) Find the down payment.
b) Find the amount financed.
A) a) $1050; b) $19,950
B) a) $3150; b) $16,800
C) a) $4200; b) $16,800
D) a) $4200; b) $4200
E) a) $3150; b) $17,850

Quizplus · Accepted Answer

a) 20% of $21,000 is $4,200, so the down payment is $4,200.
b) The amount financed is the purchase price minus the down payment, so it is $21,000 - $4,200 = $16,800.
Therefore, the answer is C, which matches both of these values.

A Carpenter Bought a Utility Van for $21,000 and Made