7. A deposit of 15% must be paid on a stove costing N$ 7895,00 and then 24 instalments of N$ 350 each. What was the deposit?
A. N$ 1184.25 B. N$ 6710.75 C. N$ 505.00
To find the deposit, we need to calculate 15% of the cost of the stove.
15% is equivalent to 0.15 in decimal form.
So, the deposit amount is 0.15 * N$ 7895,00.
Calculating this, we get:
Deposit = 0.15 * N$ 7895,00 = N$ 1184.25.
Therefore, the deposit amount is N$ 1184.25.
The correct answer is A. N$ 1184.25.
To find the deposit, we need to calculate 15% of the total cost of the stove.
The total cost of the stove is N$ 7895.00.
The deposit is calculated as: deposit = 15% of N$ 7895.00
To find the deposit, we multiply N$ 7895.00 by 15%:
deposit = N$ 7895.00 * 15%
Calculating this, we get:
deposit = (N$ 7895.00 * 15%) / 100
deposit = (N$ 7895.00 * 0.15)
deposit = N$ 1184.25
Therefore, the deposit for the stove is N$ 1184.25.
So, the correct option is A. N$ 1184.25.