Part c)

Given: [tex]\( y = 10^5 \)[/tex] and [tex]\( \frac{8}{8} / 2 \)[/tex]

Annual Revision

1) The cash price of the laptop is [tex]\(\$2299\)[/tex]. It can be purchased by making a 10% deposit and monthly payments of [tex]\(\$120\)[/tex].

Calculate the deposit made.



Answer :

To find out the deposit amount for the laptop, follow these steps:

1. Identify the cash price of the laptop:
The given price of the laptop is \[tex]$2299. 2. Determine the percentage of the deposit required: The deposit required is 10% of the cash price. 3. Calculate the deposit amount: To find the deposit amount, multiply the cash price by the percentage of the deposit (10%). Let's break it down: - The cash price of the laptop is \$[/tex]2299.
- The deposit percentage is 10%, which can be expressed as 0.1 in decimal form.

Now, multiply the cash price by the deposit percentage to get the deposit amount:
[tex]\[ \text{Deposit Amount} = \$2299 \times 0.1 \][/tex]
[tex]\[ \text{Deposit Amount} = \$229.9 \][/tex]

Therefore, the deposit made is \$229.9.