Question

How much money is a 20% down payment on a $249,000 house

Answer 1

To find the total amount of a 20% down payment on a $249,000 house, we must first convert this 20% to decimal form. We can do this by dividing by 100:

$\frac{20}{100}=0.20$

Now that we have the percentage in decimal form, we can multiply this amount by the total cost of the house - in this case, $249,000:

$249,000*0.20=49,800$

So now we know that the total cost of the 20% down payment will equal $49,800.