Question

How much money does Bill need for his down payment if his house is $ 450,000? He has to put 10% down.

Bill has a program that gives him 80 percent of that down payment, the rest he has to come up with. How much money does Bill need?
PLEASE HELP ME

Answer 1

$9,000

Explanation:

10% of 450000

10/100 × 450000

= 45000

He has 80%, needs to arrange for 100-80 = 20% of the down payment

20/100 × 45000 = 9,000

Answer 2

He would need 45,000 for his down payment. He would only have to come up with 9,000.

Explanation:

10% times 450,000 is 45,000.

80% times 45,000 is 36,000. 45,000 minus 3600 is 9,000.