asked 185k views
1 vote
A new house costs $260,000.00. Sara wants to buy the house and needs $35,560.00 for a down payment. Sara currently has $28,000.00 in a savings account that earns 9% simple interest. How long must she keep the money in the savings account in order to have enough for the down payment on the house? *

asked
User Hemeroc
by
7.9k points

1 Answer

4 votes

Answer:

she needs $7560.00 more

Explanation:

you must subtract 35,560.00 from 28,000.00

answered
User Ken Lange
by
8.4k points
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