Question

ABC Bank requires a 20% down payment on all home loans. If a house is priced at $105,000, what is the amount of the down payment required by the bank? @TuringTest @ajprincess @ganeshie8

Answer 1

20% of $105,000.

Let 20% = 0.20

105,000 x 0.20 = $21,000

You will need $21,000 as a down payment.