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Rose is purchasing a home for $189,000. The bank is willing to finance the
purchase if she can make a down payment of 1/4 of the selling price. How much
money will she need for the down payment?
$52,300
$47,250
$56,400
$25,000



Answer :

semsee45

Answer:

B) $47,250

Step-by-step explanation:

To find out how much money Rose needs for the down payment, we need to calculate 1/4 of the selling price.

[tex]\boxed{\textsf{Down payment} = \dfrac{1}{4} \times \textsf{Selling price}}[/tex]

Given that the selling price is $189,000, then:

[tex]\textsf{Down payment} = \dfrac{1}{4} \times \$189,000\\\\\\\textsf{Down payment} = \dfrac{\$189,000}{4}\\\\\\\textsf{Down payment} = \$47,250[/tex]

Therefore, Rose will need $47,250 for the down payment.

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