460
QuizMultiple Choice

Modeling with Rational Functions — Unit test

Question 460 • Crowley Credit Recovery Algebra II B

A down payment is usually what percentage of the asking price of a home?

Answer
0
0–5 percent
5
5–20 percent
2
20–50 percent
5
50–75 percent

Explanation

A typical down payment is often around 5–20% of a home's asking price, though the amount varies by loan type and buyer. For example, on a $300,000 home, that range would be $15,000–$60,000. So the correct choice is 5–20 percent.

AI-written and checked against the verified answer.

Previous
Next