The bank has accepted Harriet's application for a mortgage to buy a property worth $325,500. She has to make a down payment of 2 0 percent of the purchase price. What is the loan amount?
2 answers:
<span>What is 20% of $325,500? </span><span>She needs a loan of 80%. So multiply 80% by the purchase price. </span><span>325500 x 80% $260,400 </span>hope this helps
325500*0.2=65100 325500-65100=260400
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