Renauld has to pay 2 percent in closing costs and 14 percent for the down payment on a purchase of $170,500. Over the life of his loan, he will pay $163,021.87. What is the total cost of his house?. A. $166,431.87. B. $186,891.87. C. $190,301.87
Answers
The correct answer is:
C. $190,301.870.
Explanation:
Paying 14% down is 0.14(170500) = $23,870.
2% closing costs are 0.02(170500) = $3410.
Adding these to the amount he pays on the loan, $163,021.87, we have:
163021.87+23870+3410 = 190301.87
The totalcost of Renauld’s house is $190,301.87. The technique here is to know the value of the closingcosts and the down payment so the correct answer between all the choicesgiven is the last choice or letter C. I am hoping that this answer hassatisfied your query about this specific question.
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Hope this helps you:/
Answers
The percentage is calculated by dividing the required value by the total value and multiplying by 100.
The percentage of students who packed their lunch is 60%.
Option B is the correct answer.
What is a percentage?
The percentage is calculated by dividing the required value by the total value and multiplying by 100.
Example:
Requiredpercentage value = a
total value = b
Percentage = a/b x 100
Example:
50% = 50 /100 = 1/2
25% = 25/100 = 1/4
20% = 20/100 = 1/5
10% = 10/100 = 1/10
We have,
Of the students in sixth grade:
The number of students who packed their lunch = 3/5
This means,
Out of 5 students, 3 packed their lunch.
We can find the percentage by multiplying 3/5 by 100.
= 3/5 x 100
= 3 x 20
= 60%
Thus,
The percentage of students who packed their lunch is 60%.
Option B is the correct answer.
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The percentage of students who pack lunch is 60%.
What is Equation Modelling?
Equation modelling is the process of writing a mathematical verbal expression in the form of a mathematical expression for correct analysis, observations and results of the given problem.
We have of all the students in sixth grade, 3/5 pack their lunch.
Assume that the percentage of students who pack lunch is [x]%. So -
x% = 3/5 x 100 = 60%
Therefore, the percentage of students who pack lunch is 60%.
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