Leah wants to buy a home for
$380,000, but can only get a loan from the bank for $330,600. What percentage does Leah have to put down in order to pay for the home?

Respuesta :

Leah have to put down 13% of the total money in order to pay for the home.

What is a Home Loan ?

The amount of money a person borrows from a bank to buy a house is termed as Home Loan.

It is given that

Leah wants to buy a home for $380,000

The amount of money he can get from bank is $ 330,600

The amount of money Leah needs to have

= $ 380000 - $ 330600 = $49400

The percentage Leah have to put down in order to pay for the home is

=($49400 /$380000 ) * 100%

= 0.13 * 100 %

= 13%

Therefore Leah have to put down 13% of the total money in order to pay for the home.

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