Question

If the selling price of a home is $505,000 with a 15% down payment, what is the amount of the down payment?$75,000$75,500$75,750$80,000None of these choices are correct.

Answer 1

the down payment is $75,750

Step-by-step explanation

The selling price of a house = $505, 000

The person made a 15% down payment

Down payment = 15% x $505, 000

Down payment = 0.15 x $505, 000

Down payment = $75, 750

Therefore, the down payment is $75,750