Question

What is a down payment of 20 percent on a purchase price of $215,000?

Answer 1

Purchase price = 215000
20% down payment = 215000*0.20 = 43000

Answer 2

we are given that

purchase price of $215,000

so,

purchase price is $215,000

or

`P=215000`

and down payment is 20% of purchase price

so, down payment is

20% of P

so,

The down payment is

`=(20)/(100) *215000`

`=20*2150`

`=43000`

so, the down payment is $43000..........Answer