Question

Abc bank requires a 20% down payment on all home loans. if a house is priced at $127000 what is the amount of the down payment required by the bank

Answer 1

the answer is $25,400

Answer 2

First, you need to convert 20% into a decimal. 20% is 20/100, or 2/10, or 0.2. Just multiply $127000 by 0.2 to get the answer.
$127,000 × 0.2 = $25,400