Question

Alison Neiman is purchasing a home for $165,000. The bank is willing to finance the purchase if Alison can make a down payment of one-fifth of the selling price. How much money will she need for the down payment?

Answer 1

so we know that alison is willing to pay $\frac{1}{5}th$ of the initial price as a down payment to the bank,
so,
$\frac{1}{5}th$ of 16500
that is,
$165000 X \frac{1}{5}$
=33000
hence alison is willing to pay 33000$ as a down payment