Question 1011347: Mr. Mendez bought a house for $150,000. He put 10% of the money down as a deposit. A bank gave him a loan for the rest of the money. Which equation can be used to find m, the amount of the bank loan?
Found 2 solutions by stanbon, MathTherapy:
Answer by stanbon(75887)   (Show Source):
You can put this solution on YOUR website! Mr. Mendez bought a house for $150,000. He put 10% of the money down as a deposit. A bank gave him a loan for the rest of the money. Which equation can be used to find m, the amount of the bank loan?
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Let the amount of the bank loan be "x"::
Equation:
150,000-0.10(150,000) = x
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x = 0.90(150,000)
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x = $135,000
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Cheers,
Stan H.
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Answer by MathTherapy(10557)  (Show Source):
You can put this solution on YOUR website!
Mr. Mendez bought a house for $150,000. He put 10% of the money down as a deposit. A bank gave him a loan for the rest of the money. Which equation can be used to find m, the amount of the bank loan?
Which equations?
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