The bank has accepted Mrs. Hudson's application for a mortgage to buy property worth $375,575. She has to pay?


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The bank has accepted Mrs. Hudson's application for a mortgage to buy property worth $375,575. She has to pay 19 percent of the purchase price in cash before closing the deal. Calculate the loan amount the bank will give...


Answer (1):

 
rtfm

If she's paying 19 percent down, then she needs to borrow 81 percent.

Do you mean you don't know how to do a percent? Just do like you learned in fourth grade: TURN THE PERCENT TO A DECIMAL AND MULTIPLY.

81 percent of x is simply x times 0.81

 

Relevant answer in Hudson, IN