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Marat540 [252]
2 years ago
13

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 2

0 percent of the purchase price. What is the loan amount? A. $256,000 B. $258,000 C. $260,400
Mathematics
2 answers:
konstantin123 [22]2 years ago
8 0

Answer:

C. $260,400

Step-by-step explanation:

Since Harriet has to pay 20% down, this means she is borrowing 100-20 = 80% of the value.

80% = 80/100 = 0.8; this makes the amount borrowed

0.8(325500) = 260,400

Free_Kalibri [48]2 years ago
3 0
The answer is C because the difference of 325,500 times 20 Percent and 325500 is the loan amount
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