House Down Payment Quiz

If the total cost of a house is $250,000 and the buyer is required to make a 20% down payment, how much is the down payment?

• $40,000

• $50,000

• $60,000

• $70,000

A homebuyer is considering a $200,000 house and can make a 15% down payment. What is the total amount of money the buyer needs to borrow?

• $170,000

• $180,000

• $30,000

• $150,000

If a car is purchased for $30,000 and the sales tax is 8%, what is the total cost of the car including tax?

• $30,240

• $31,200

• $32,400

• $34,000

For a loan amount of $15,000 with an annual interest rate of 5% for 4 years, what is the total interest paid over the life of the loan?

• $1,500

• $2,000

• $3,000

• $3,500