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1 April, 15:03

Abc bank requires a 20% down payment on all home loans. if a house is priced at $127000 what is the amount of the down payment required by the bank

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  1. 1 April, 15:04
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    The answer is $25,400
  2. 1 April, 15:30
    0
    First, you need to convert 20% into a decimal. 20% is 20/100, or 2/10, or 0.2. Just multiply $127000 by 0.2 to get the answer.

    $127,000 * 0.2 = $25,400
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