Question

To buy a $65,000 house, a 25% down payment is required. How much money is required?

Answer 1

Explanation:

$16,250 is the down payment amount

Answer 2

Rewrite the percentage as a decimal by moving the decimal 2 places to the left.

25 % becomes 0.25

Now multiply the price of the house by 0.25:

65,000 x 0.25 = 16,250

The amount required is: $16,250