Question

A couple is required by their lender to have a down payment of 20% of the purchase price of the home they want to buy. If the couple has saved $35,000, what is the most expensive home the couple can afford to buy?a. $63,000b. $140,000c. $175,000d. $210,000.

Answer 1

Answer:

C175,000 is indeed highest price.

Explanation:

edge2022

Answer 2

The most expensive home the couple can afford to buy is $175000.

An equation is an expression that is used to show the relationship between two or more numbers and variables.

The couple needs down payment of 20% of the purchase price for any home. Let d represent the most expensive home they can afford. If the couple has saved $35,000:

20% of d = 35000

0.2d = 35000

d = $175000

The most expensive home the couple can afford to buy is $175000.

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