Answer :
They put 20% down so that means 80% was financed ( 100% - 20% = 80%).
Multiply the purchase price by 80%:
23750 x 0.80 = $19,000 was financed.
They put 20% down so that means 80% was financed ( 100% - 20% = 80%).
Multiply the purchase price by 80%:
23750 x 0.80 = $19,000 was financed.