You purchase a new laptop computer for $1,200. You put a 5% down payment and $55 per month on a 24 month purchase plan. What is the amount of the down payment?
Answer
A
$40
B
$50
C
$60
D
$70
Explanation
The down payment is 5% of the laptop’s $1,200 price. Calculate 0.05 × $1,200 = $60, so the down payment is $60 (choice C).
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