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

Question

Mathematics

Elvis Maddox

18 December, 05:20

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

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Answers (2)

Know the Answer?

Helena Morales · Answer 1

Helena Morales 18 December, 08:47

0

The answer is $25,400

Ali Hunt · 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