Question

Mr. and Mrs. Donahue want to buy a home valued at $365,000. If they have 21.5% of this amount saved for a down payment, how much will their home loan be? a. $78,475 b. $286,525 c. $341,275 d. $357,153 Please select the best answer from the choices provided

Answer 1

b.

$286,525

Explanation:

Got all correct on edge 2020

Answer 2

b. $286,525

Explanation:

Mr. and Mrs. Donahue want to buy a home valued at $365,000.

They have 21.5% of this amount saved for a down payment, means they have saved
`0.215*365000=78475` dollars

So, their home loan will be of
`365000-78475=286525` dollars

Therefore, the answer is $286,525.