Question

For the purchase of a house and lot worth Php 3,800,000.00, the bank requires 20% down payment amount. Find the mortgaged amount

Answer 1

Answer:

290076.28

Step-by-step explanation:

I hope this helps!

PLEASE MARK BRAINLIEST!

Answer 2

Answer:

Mortgaged amount would be  3,040,000

Step-by-step explanation:

Given,

The original amount of the house = 3,800,000

The percentage of down payment = 20%,

So, the amount of down payment = 20% of 3,800,000,

$=\frac{20\times 3,800,000}{100}$

$=\frac{3,800,000}{5}$

= $ 760,000

Thus, the mortgaged amount= original value - down payment

= 3,800,000 - 760000

= 3040000