The smith family is going to buy a home for $150,000. They will need 10% down payment . How much will they need?

Answer 1

To calculate the down payment for the Smith family's home purchase, you need to calculate 10% of the home's price.

Home price: $150,000
Down payment: 10% of $150,000

\[ \text{Down payment} = 0.10 \times 150,000 = 15,000 \]

The Smith family will need $15,000 for the down payment.