select the correct answer. how much is a 15 - percent down payment on a purchase price of $205,000?\na…

select the correct answer. how much is a 15 - percent down payment on a purchase price of $205,000?\na. $10,250\nb. $20,500\nc. $30,750

select the correct answer. how much is a 15 - percent down payment on a purchase price of $205,000?\na. $10,250\nb. $20,500\nc. $30,750

Answer

Explanation:

Step1: Convert percentage to decimal

To find 15 - percent of a number, first convert 15% to a decimal. We know that to convert a percentage to a decimal, we divide by 100. So, $15%=\frac{15}{100}=0.15$.

Step2: Calculate the down - payment

Multiply the purchase price by the decimal form of the percentage. The purchase price is $205000$. So the down - payment is $205000\times0.15 = 30750$.

Answer:

C. $30,750$