Larry found a house for $120,500. He pays a 20% down payment. How much does Larry pay for the down payment? I assume 120,450?

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asked Dec 15, 2023 204k views

1 Answer

Danish Iqbal · Answer 1 · 2023-12-22T07:34:06+0000

Larry found a house for $120,500. He pays a 20% down payment. How much does Larry pay for the down payment?

we have that

$120,500 ------> represents 100%

20%=20/100=0.20

Multiply $120,500 by 0.20

120,500*0.20=$24,100