Question

How much is a 15-percent down payment on a purchase price of $205,000?

Answer 1

Answer: Option (C) is the correct answer.

Step-by-step explanation:

Amount of purchase is give as $205,000.

We have to calculate 15% of $205,000. The value 15% can be written as follows.

                  15% = $\frac{15}{100}$

or,                      0.15

Thus, calculate the 15% of $205,000 as follows.

                              0.15 × 205,000

                              = 30,750

Thus, we can conclude that $30,750 is the 15-percent down payment on a purchase price of $205,000.