Question

Select the correct answer.

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?
A
B.
C
$256,000
$258,000
$260,400

Answer 1

C

Explanation:

325,000 x 0.8 = 260.400