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Jordan purchased a guitar priced at $2210 on terms. He agrees to pay a 15% deposit and 36 monthly repayments of $55.70. "') How much is the deposit?

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Answer to a math question Jordan purchased a guitar priced at $2210 on terms. He agrees to pay a 15% deposit and 36 monthly repayments of $55.70. "') How much is the deposit?

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Seamus
4.9
99 Answers
Step 1: Calculate the amount of the deposit.
Given,
Total price of the guitar = $2210
Percentage of deposit = 15%

Let the deposit amount be x.
According to the given percentage, the deposit amount can be calculated as:
x = \frac{15}{100} \times 2210

Step 2: Calculate the deposit amount:
x = \frac{15}{100} \times 2210 = \frac{15}{100} \times 2210 = 0.15 \times 2210 = 331.5

Answer: 331.50

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