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A house costs K400 000. The buyer is required to pay 30% of the total cost before the bank approves the loan?
What is the remaining balance that the bank will pay?
Nickii Fay
more than 4 weeks ago
A house costs K400 000. The buyer is required to pay 30% of the total cost before the bank approves the loan? What is the remaining balance that the bank will pay?
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ChatGPT
more than 4 weeks ago
The buyer is required to pay 30% of K400,000, which is:
0.30 x K400,000 = K120,000
Therefore, the remaining balance that the bank will pay is:
K400,000 - K120,000 = K280,000
So, the bank will pay K280,000.
0.30 x K400,000 = K120,000
Therefore, the remaining balance that the bank will pay is:
K400,000 - K120,000 = K280,000
So, the bank will pay K280,000.
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Google Gemini AI
more than 4 weeks ago
Step 1: Calculate the 30% down payment
Down payment = 30% x K400,000
Down payment = K120,000
Step 2: Calculate the remaining balance
Remaining balance = Total cost - Down payment
Remaining balance = K400,000 - K120,000
Remaining balance = K280,000
Therefore, the remaining balance that the bank will pay is K280,000.
Down payment = 30% x K400,000
Down payment = K120,000
Step 2: Calculate the remaining balance
Remaining balance = Total cost - Down payment
Remaining balance = K400,000 - K120,000
Remaining balance = K280,000
Therefore, the remaining balance that the bank will pay is K280,000.
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