Question

1. Jessie is buying a home for $198,000. The mortgage company requires a 20 percent down payment. What

is the amount of Sinclair's down payment?

Answer 1

To set up the equation you would do:

198,000 * .2 (which is the 20%)

The answer is 39,600.

I hope this helps.

Answer 2

20% of 198,000 is $39,600