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2 years ago

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John and Marissa purchase their first home for $120,000. They must put 15 percent down on the purchase price as a down payment.

What will the amount of the down payment be?

1 answer:

Olenka [21]2 years ago

4 0

Answer:

Downpayment: 15% of original price

Original price: $120,000

15% of 120,000 = $\frac{15}{100}$ × 120,000

= $18,000

Thus, the downpayment is $18,000.

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