Math

QuestionChloe wants to buy a deal costing R8 999 with a 10\% deposit rate. Calculate her deposit amount.

Studdy Solution

STEP 1

Assumptions1. The cost of the deal is R8999. The deposit rate is10%
3. The deposit is calculated as a percentage of the total cost

STEP 2

First, we need to find the deposit amount. We can do this by multiplying the cost of the deal by the deposit rate.
Deposit=CostofthedealtimesDepositrateDeposit = Cost\, of\, the\, deal \\times Deposit\, rate

STEP 3

Now, plug in the given values for the cost of the deal and deposit rate to calculate the deposit.
Deposit=R8,999times10%Deposit = R8,999 \\times10\%

STEP 4

Convert the percentage to a decimal value.
10%=0.110\% =0.1Deposit=R8,999times0.1Deposit = R8,999 \\times0.1

STEP 5

Calculate the deposit amount.
Deposit=R8,999times0.1=R899.9Deposit = R8,999 \\times0.1 = R899.9Chloe has to pay a deposit of R899.9.

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