ABC Bank requires a 20% down payment on all of its home loans. If a house is priced at $105,000, what is the amount of the down payment required by the bank?

Students were inquired to answer a question at school and to tell what is most important for them to succeed. The one which response stood out from the rest was practice. Persons who surely are successful do not become successful by being born. They work hard and dedicate their lives to succeeding. This is how you can achieve your goals. following are one of the answer and question example that you could simply use to practice and boost your practical knowledge and also give you insights that could assist you to sustain your study in school.

Question:

ABC Bank requires a 20% down payment on all of its home loans. If a house is priced at $105,000, what is the amount of the down payment required by the bank?

A. $18,000
B. $210,000
C. $21,000
D. $14,500

Answer:

Percentage of down payment that ABC bank requires to be paid = 20%
Price of the house = $10500
Then
Amount of down payment
that needs to be made = (20/100) * 105000
                                     = 21000 dollars
From the above deduction, it can be deduced that the correct option among all the options that are given in the question is the third option or option “C”. I hope that this is the answer that has actually come to your desired help.

From the answer and question examples above, hopefully, they can help the student deal with the question they had been looking for and keep in mind of the whole thing declared in the answer above. Then could potentially carry out some sharing in a group discussion and also learning with the classmate in reference to the topic, so another student also gain some enlightenment and still keeps up the school learning.

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