Real Estate Math
If a South Carolina property sold for $198,000 and the buyer put 15% down, what was the down payment?
A$24,750
B$27,750
C$29,700✓ Correct
D$30,000
Explanation
Down payment = $198,000 × 15% = $198,000 × 0.15 = $29,700. To solve this, multiply the relevant values: $198,000 at 15%.. The correct answer is $29,700.. This is a common calculation on the South Carolina real estate exam.
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