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Sub 505 (Easy)|   Word Problems|         
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Bunuel
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Reggie purchased a car costing $8,700. As a down payment he used a $2, 08 Oct 2018, 02:53
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C
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5% (low)

Question Stats:

96% (01:45) correct 4% (01:54) wrong based on 503 sessions

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Reggie purchased a car costing $8,700. As a down payment he used a $2,300 insurance settlement and an amount from his savings equal to 15 percent of the difference between the cost of the car and the insurance settlement. If he borrowed the rest of the money needed to purchase the car, how much did he borrow?

A. $6,400

B. $6,055

C. $5,440

D. $5,095

E. $3,360
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C
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Reggie purchased a car costing $8,700. As a down payment he used a $2, Updated on: 08 Oct 2018, 05:41
Originally posted by ArjunJag1328 on 08 Oct 2018, 03:12.
Last edited by ArjunJag1328 on 08 Oct 2018, 05:41, edited 1 time in total.
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Cost of the car = 8700
Payments:
=>2300 (insurance settlement)
=>15/100 x 6400 = 960 [8700 - 2300 = 6400]

Remaining amount = 8700 - 3260 = 5440

Hence C
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Reggie purchased a car costing $8,700. As a down payment he used a $2, 08 Oct 2018, 03:12
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Bunuel
Reggie purchased a car costing $8,700. As a down payment he used a $2,300 insurance settlement and an amount from his savings equal to 15 percent of the difference between the cost of the car and the insurance settlement. If he borrowed the rest of the money needed to purchase the car, how much did he borrow?

A. $6,400

B. $6,055

C. $5,440

D. $5,095

E. $3,360
Show more

8,700 - 2,300 = 6,400

15/100 * 6400 = 64*15 =960


6,400 - 960 = 5,440

This is also 6,400 * (85/100 = 64 * 85 = 5,440

Answer choice C

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Reggie purchased a car costing $8,700. As a down payment he used a $2, 08 Oct 2018, 03:13
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ArjunJag1328
Cost of the car = 8700
Payments:
=>2300 (insurance settlement)
=>15/100 x 6400 = 960 [8700 - 2300 = 6400]

Remaining amount = 8700 - 3260 = 5440

Hence D
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I think you meant C

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Reggie purchased a car costing $8,700. As a down payment he used a $2, 08 Oct 2018, 05:40
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Salsanousi
Bunuel
Reggie purchased a car costing $8,700. As a down payment he used a $2,300 insurance settlement and an amount from his savings equal to 15 percent of the difference between the cost of the car and the insurance settlement. If he borrowed the rest of the money needed to purchase the car, how much did he borrow?

A. $6,400

B. $6,055

C. $5,440

D. $5,095

E. $3,360

8,700 - 2,300 = 6,400



15/100 * 6400 = 64*15 =960


6,400 - 960 = 5,440

This is also 6,400 * (85/100 = 64 * 85 = 5,440

Answer choice C

Posted from my mobile device
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Thank you :D
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Reggie purchased a car costing $8,700. As a down payment he used a $2, 08 Oct 2018, 09:46
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Bunuel
Reggie purchased a car costing $8,700. As a down payment he used a $2,300 insurance settlement and an amount from his savings equal to 15 percent of the difference between the cost of the car and the insurance settlement. If he borrowed the rest of the money needed to purchase the car, how much did he borrow?

A. $6,400

B. $6,055

C. $5,440

D. $5,095

E. $3,360
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\(8700 - {2300 + 15% ( 8700 - 2300 )}\)

\(= 8700 - ( 2300 + 960 )\)

= 5440 , Answer must be (C)
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Reggie purchased a car costing $8,700. As a down payment he used a $2, 10 Oct 2018, 18:49
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Bunuel
Reggie purchased a car costing $8,700. As a down payment he used a $2,300 insurance settlement and an amount from his savings equal to 15 percent of the difference between the cost of the car and the insurance settlement. If he borrowed the rest of the money needed to purchase the car, how much did he borrow?

A. $6,400

B. $6,055

C. $5,440

D. $5,095

E. $3,360
Show more

The difference between the cost of the car and the insurance settlement is:

8,700 - 2,300 = $6,400

Thus, the amount from his savings is 0.15 x 6,400 = $960.

So he had to borrow 6,400 - 960 = $5,440 to pay for the remaining cost of the car.

Answer: C
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Reggie purchased a car costing $8,700. As a down payment he used a $2, 30 Nov 2018, 15:33
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Hi All,

We're told that Reggie purchased a car costing $8,700 and as a down payment he used a $2,300 insurance settlement and an amount from his savings equal to 15 percent of the difference between the cost of the car and the insurance settlement. He borrowed the rest of the money needed to purchase the car. We're asked how much Reggie borrowed. This is essentially an Arithmetic question.

The difference between the cost of the car and the insurance settlement = 8700 - 2300 = 6400
15% of 6400 = (.15)(6400) = (10% of 6400) + (5% of 6400) = 640 + 320 = 960

6400 - 960 = 5440 is what was left after the combined payment, meaning that Reggie had to borrow $5,440.

Final Answer:
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C


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Reggie purchased a car costing $8,700. As a down payment he used a $2, 18 Sep 2025, 12:39
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