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Question

A house costs $200000 and you give 20% of that to buy the house. The…

A house costs $200000 and you give 20% of that to buy the house. The down payment is ____________. Need a refresher?

NewBlackStudio Ai Solution

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Answer

The correct answer is:
$40,000$

Explanation

You need 20% of the house price as the down payment. Compute 20% of $200{,}000$.

Steps:

  1. First step: $$20\%=\frac{20}{100}=0.2$$
  2. Second step: $$0.2\times200000=40000$$
  3. Final step: $$\text{Down payment}=\$40{,}000$$

Therefore, the down payment is $40{,}000$.