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?

Question

A. N$ 1184.25 B. N$ 6710.75 C. N$ 505.00

Answer 1

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.