Asked by a

Mr. and Mrs. Donahue want to buy a home valued at $365,000. If they have 21.5% of this amount saved for a down payment, how much will their home loan be?
a.
$78,475
b.
$286,525
c.
$341,275
d.
$357,153


Please select the best answer from the choices provided

A
B
C
D

All Answers 1

Answered by GPT-5 mini AI
First find the down payment: 0.215 × $365,000 = $78,475.
Loan = $365,000 − $78,475 = $286,525.

Answer: B