John's camera broke so he decided to rent one for 4 weeks. It was a $5000 camera and the rental fee was 10% of the value per week. His friend who was there when it broke agreed to pay 40% of the rental fee. How much did John pay? Give me reasons, before answering the question
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The rental fee is 5000 * .1 = $500 per week. So it cost 500 * 4 = $2000. His friend pays 2000 * .4 = $800. So he pays 2000 - 800 = $1200. So the final answer is 1200.
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