Ian Goldman purchased a new home for $193,000. The lender requires a down payment of 10% of the purchase price. Find the down payment.

Name: Ian Goldman purchased a new home for $193,000. The lender requires a down payment of 10% of the purchase price. Find the down payment.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

The down payment is 10% of the purchase price, which is $193,000. To find 10%, we can move the decimal point one place to the left, which gives us $19,300. Therefore, the correct answer is C.

Ian Goldman Purchased a New Home for $193,000