Question

The bank has accepted Harriet's application for a mortgage to buy a property worth $325,500. She has to make a down payment of 20 percent of the purchase price. What is the loan amount?

Answer 1

She needs a loan for 80%. So multiply 80% by the purchase price.

Answer 2

325500
x 80%

$260,400

Answer 3

so that is loan amount??? @danielle