Solve. Round all dollar amounts to the nearest cent, if necessary.
-The bank requires the Whitcher family to make a down payment of 26% of the purchase price of their new home. If the purchase price is $276,000, how much is their down payment?

Question

Quizplus · Accepted Answer

To find the down payment, we need to multiply the purchase price by the percentage required as a down payment:
$276,000 x 0.26 = $71,760
So the Whitcher family's down payment is $71,760. The answer is C. To find the down payment, we need to multiply the purchase price by the percentage required for the down payment:

Down payment = 0.26 x $276,000

Using a calculator, we get:

Down payment = $71,760

Rounding to the nearest cent is not necessary in this case, as none of the answer choices are close to different dollar amounts due to rounding. Therefore, the best choice is C: $71,760.

Solve Round All Dollar Amounts to the Nearest Cent, If