Question

Mr. and Mrs. Lorenzo want to buy a home valued at $213,500. If they have 18% of this amount saved for a down payment, how much have they saved? a. $384.30 b. $3,843.00 c. $38,043.00 d. $38,430.00

Answer 1

It would be: 213500 * 18/100
213500 * 0.18 = $38430

So, option D is your answer.

Hope this helps!