Real Estate Math
A buyer makes a 15% down payment on a $940,000 home. What is the loan amount?
A$141,000
B$799,000✓ Correct
C$800,000
D$825,000
Explanation
Down payment = $940,000 × 0.15 = $141,000. Loan amount = $940,000 − $141,000 = $799,000. To solve this, multiply the relevant values: $940,000 at 15%.. The correct answer is $799,000.. This is a common calculation on the Hawaii real estate exam.
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