Question

a new house costs 300,000.00. leanor wants to buy the house and needs $16,200.00 for a down payment.leanor currently has $12,000.00 in a savings account in order to have enough for the down payment on the house?

Answer 1

please help me

Answer 2

this contradicts it self. it first says he need 16,200.00 but then it says he has only 12,000.00

Answer 3

what does contradicts mean?

Answer 4

torrid can u please help me

Answer 5

please

Answer 6

it means that it doesnt make sense.

Answer 7

how it just says that he has this and she needs this thats partof the question

Answer 8

it says that he needs 16,200.00 but he only has 12,000.00.

He does not have enough to purchase this house.

Answer 9

I think it's asking how much more does this person need before she can put down the down payment, right?

Answer 10

Oh. then it would be 3,800.00

Answer 11

no its askin how long must she keep the money in the savings account in order to have enough for the down payment on the house?

Answer 12

whats the interest rate?

Answer 13

it saids 7% simple interest

Answer 14

thank you

Answer 15

k

Answer 16

if its 7% per year, it would be 5 years. if it was 7% per month it would be 5 months!

Answer 17

k

Answer 18

yea bt i dnt know if its month or year it dnt say

Answer 19

write it as both. then you cant be wrong ;)

Answer 20

okay so then how do i do it

Answer 21

i dont know. I would just write it as : If the interest rate is 7% then it would happen when the return of the money would be.

Answer 22

nd how did u get 5 years or 5 months

Answer 23

i took 12,000 and then i multiplied it by .07 (which is 7%)

then i took another calculator and and took 16,200 - 12,000

then i took the answer of question 2 and divide it by question 1

you will get 5.

Answer 24

oh bt it gave me a decimal

Answer 25

i dont know why sorry.

Answer 26

n.m i got 5

Answer 27

great!