Solve.
-The Smale family paid 30% of the purchase price of a $162,000 home as a down payment. Determine the amount of the down payment.

Question

Quizplus · Accepted Answer

To find the amount of the down payment, we need to multiply the purchase price of the home by the percentage paid as a down payment:
Down payment = 0.30 x $162,000
Down payment = $48,600
Therefore, the answer is choice A. The down payment is 30% of the purchase price, so we can calculate it by multiplying 162,000 by 0.3:
down payment = 162,000 x 0.3
down payment = 48,600
Therefore, the correct choice is A.

Solve. -The Smale Family Paid 30% of the Purchase Price of of a $162,000