Answer: $18,400
Step-by-step explanation:
A down payment for a house is the amount of money that is paid upfront when buying a home. It is expressed as a percentage, and calculated as the value of the down payment divided by the price.
Since Bob offered $92,000 on the house and a 20% down payment is required, the down payment will be:
= 20% of $92,000
= 20/100 ×92000
= 0.2 × 92000
= $18,400
The down payment is $18,400.
