# ALGEBRA

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Determine the down payment and the amount to be financed for each home described below.
(a) \$340,340; 10% down
The down payment is \$
The amount to be financed is \$

(b) \$870,000; 20% down
The down payment is \$
The amount to be financed is \$

• ALGEBRA -

(a) \$340,340; 10% down

340,340 * 0.1 = \$34,034 is the down payment

340,340 - 34,034 = \$306,306 is the amount to be financed.

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