Leroy bought a house for $215,000. He paid 18% of the price in cash as a down payment and paid the difference using a loan from the bank. How much did Leroy pay in cash?

Question

Anabella Graves

Mathematics

16 June, 18:29

Leroy bought a house for $215,000. He paid 18% of the price in cash as a down payment and paid the difference using a loan from the bank. How much did Leroy pay in cash?

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Charles · Answer 1

He paid 18% of the 215000 in cash

"of" in this case means to multiply

18% as a decimal is 0.18

0.18 times 215000 = 38700

Therefore Leroy paid $38,700 in cash as down payment