Answered

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

Verified 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.

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

\(\textsf{Down payment} = \dfrac{1}{4} \times \$189,000\\\\\\\textsf{Down payment} = \dfrac{\$189,000}{4}\\\\\\\textsf{Down payment} = \$47,250\)

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