Identify the total cost of the lorry and the deposit percentage.
This mathematics problem involves applying core mathematical principles and formulas. Below you will find a complete step-by-step solution with detailed explanations for each step, helping you understand not just the answer but the method behind it.
ScanSolve AI Answer
Here's a step-by-step solution to the problem.
a) Calculate amount to be paid as deposit.
Step 1: Identify the total cost of the lorry and the deposit percentage.
The total cost of the lorry is 2,800,000 shillings.
The deposit is 60% of the total cost.
Step 2: Calculate the deposit amount.
$$ \text{Deposit} = \frac{60}{100} \times 2,800,000 $$
$$ \text{Deposit} = 0.60 \times 2,800,000 $$
$$ \text{Deposit} = 1,680,000 \
