Question
The mortgage company requires a down payment of $11,500 on a $70,000 house. How much down payment would be required on a house costing $87,500?
Answers
Ms. Sue
11,500/70,000 = 0.1643 = 16.43%
87,500 * 0.1643 = ?
87,500 * 0.1643 = ?
Anonymous
$14,367.25
Ms. Sue
Right.