Answer:
$25,000
Step-by-step explanation:
Given:
House valued at(20% down) = $165,000
Amount receive from selling the house = $190,000
Find:
Value of equity from home on selling = ?
Computation:
⇔ Value of equity from home on selling = Amount receive from selling the house - House valued at(20% down)
⇔ Value of equity from home on selling = $190,000 - $165,000
⇔ Value of equity from home on selling = $25,000
Multiply the numerators and denominators together:
-24/150
Divide the numerator and denominator by 6:
-24 / 6 = -4
150 / 6 = 25
-4/25
1627190 there's your answer.
