If you wanted to buy a house that cost $150,000 with a down payment of five percent, how much would you need for the down payment?

Respuesta :

After computing five percent of the cost of the house as the down payment, the value was gotten as $7500

Word Problem

Given Data

  • Cost of House = $150,000
  • Percentage Down Payment = 5%

Let us find the amount in down payment needed

Amount of Down Payment = 5/100*$150,000

Amount of Down Payment = 0.05*$150,000

Amount of Down Payment = 0.05*$150,000

Amount of Down Payment =$7500

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