What is a down payment of 20 percent on a purchase price of $215,000
Answer:
Down payment is $43,000.
Step-by-step explanation:
Let x be a down payment of 20 percent on a purchase price.
Given:
Purchase price is $215.000
Down payment = 20% of the purchase price.
20% of 215,000
[tex]x= \frac{20}{100} \times 215000[/tex]
[tex]x=20\times 2150[/tex]
[tex]x=43000[/tex]
Therefore, the down payment of 20 percent on a purchase price of $215,000 is $43,000,
