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% =
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.