You have found a house that you would like to purchase. The amount of the home is $225,000. You would like to finance the home through your local credit union but they require a 10% down payment. Determine the amount needed for the down payment so that the bank will finance the home purchase.

a.

$22,500

c.

$225,000

b.

$202,500

d.

$2,250

Question

28 February, 05:20

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Answers (1)

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Cotton · Answer 1

So the down payment percentage is 10 ℅!

so the 10℅ of 225000 will be

10/100*225000 = 22500

! so the answer is A!