Option d is the correct answer. $38,430.00 is the amount saved for a down payment given that Mr. and Mrs. Lorenzo want to buy a home valued at $213,500 and they have 18% of this amount saved for the down payment. This can be obtained by using percentage formula.
<h3>How much have they saved?</h3>
The percentage of a number can be obtained using percentage formula,
If P% of X is Y then it can be denoted using the formula of percentage as,
⇒ P% of X = Y
⇒ P% × X = Y (where P% is P/100)
Here in the question it is given that,
- Mr. and Mrs. Lorenzo want to buy a home valued at $213,500
- They have 18% of this amount saved for a down payment
We have to find the amount they saved for the down payment.
- Given that the total amount = $213,500
- Percentage they are saving = 18%
The amount they saved for the down payment,
18% of the total amount = 18% of $213,500
Using the percentage formula we get,
18% of $213,500 = 18% × $213,500
18% of $213,500 = 18/100 × $213,500
18% of $213,500 = $ 38,430.00
Hence Option d is the correct answer. $38,430.00 is the amount saved for a down payment given that Mr. and Mrs. Lorenzo want to buy a home valued at $213,500 and they have 18% of this amount saved for the down payment.
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is calculated from the sample, and used as an estimate for the population variance. Thus, it can be said that it represents both 362 and 5530 customers, and the correct option is D.
