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

Answer 1

b

Explanation:

Answer 2

Answer: b. $286,525

Explanation:

The amount the have saved for a down payment is:

= 365,000 * 21.5%

= $‭78,475‬

They will have to get the rest by loan which is:

= 365,000 - ‭78,475‬

= $286,525