Finance
A buyer in Georgia is purchasing a $300,000 home and making a 10% down payment. What is the loan amount?
A$240,000
B$270,000✓ Correct
C$280,000
D$290,000
Explanation
Down payment = $300,000 × 10% = $30,000. Loan amount = $300,000 − $30,000 = $270,000. To solve this, multiply the relevant values: $300,000 at 10%.. The correct answer is $270,000.. This is a common calculation on the Georgia real estate exam.
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