06-10-2016
Mathematics

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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

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isaacholton7 isaacholton7

06-10-2016

The answer is $65,100

I got that by multiplying the Property Value ($325,500) by the percent owed (20% or 0.2)

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