# ALGEBRA

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Determine the down payment and the amount to be financed for each home described below.(a) \$460,460; 10% down
The amount to be financed is \$ The down payment is \$
(b) \$730,000; 20% down The amount to be financed is \$
The down payment is \$
I need help with this.Please show me the steps to this problem.

• ALGEBRA -

To figure out the down payment percentage multiply dollar amount by decimal for percent. For example 10% is .10 20% is .20 5% is .05 etc.

Then to figure out the amount to be financed subtract the down payment from the original amount.

Does this help?

• ALGEBRA -

Yes this help a lot. Thanks.
What I came up with is (a)amount to be financed is \$46,046 the down payment is 414,414 (b)amount to be financed is \$584,000 the down payment is \$146,000 is this correct.

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