THE SMITH FAMILY IS GOING TO BUY A HOME FOR $150,000. THEY WILL NEED A 10% DOWN PAYMENT. HOW MUCH WILL THEY NEED?
How do you think you should solve this problem?
15,000 IS RIGHT =)
15,000 (GOD BLESSS YOU MS.SUE) THANK YOU!
Right!
You're welcome -- and thank you.
To calculate the down payment needed, we'll need to find 10% of the total cost of the home. Here's how to do it:
Step 1: Convert 10% to a decimal by dividing it by 100. So, 10% = 10/100 = 0.1.
Step 2: Multiply the decimal form of 10% by the total cost of the home. In this case, the total cost is $150,000.
0.1 x $150,000 = $15,000
Therefore, the Smith family will need a down payment of $15,000.