Brian wants to purchase a boat that costs $1,450.  He has signed an installment agreement requiring a 20% down payment.  What is the down payment?  He currently has $295 saved; does he have enough for the down payment?

(3 Points)

$59; Yes, has saved enough to cover the down payment.

$290; Yes, has saved enough to cover the down payment.

$29.50; Yes, has saved enough to cover the down payment.

$300; No, he has not saved enough yet

To find the down payment, we need to calculate 20% of the boat's cost:

1. **Calculate 20% of $1,450**:
   \[
   0.20 \times 1450 = 290
   \]

So, the down payment is **$290**.

2. **Check if Brian's savings cover the down payment**:
   - Brian has saved **$295**, which is more than the required down payment of **$290**.

Therefore, **the correct answer is**:
- **$290; Yes, he has saved enough to cover the down payment.**

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Would you like further details or have any questions?

**Related Questions:**
1. How would the down payment change if it were 15% instead of 20%?
2. If Brian wanted to save an additional 10% of the boat’s cost, how much would that be?
3. How much more would Brian need if he had only $200 saved?
4. How could Brian finance the remaining 80% after the down payment?
5. If the boat price increased by 5%, what would the new down payment be?

**Tip:** Always double-check percentage calculations by breaking down each step.

Brian wants to purchase a boat that costs $1,450. He has signed an installment agreement requiring a 20% down payment. What is the down payment? He currently has $295 saved; does he have enough for the down payment?

Find out how to calculate a 20% down payment on a $1,450 boat purchase and determine if savings are sufficient. This problem involves essential percentage calculations and is suitable for students in Grades 6-8.

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