James wants to buy a house.
The price of the house is a quarter of million pounds.
James has to pay a deposit for the house.
The deposit is 15% of the price of the house.
James already has part of the deposit.
He has £32000
How much more money does he need for deposit?
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Answer:
James need £ 5500 more money for the deposit.
Step-by-step explanation:
We know, I million = 1,000,000
The price of the house = £ 250,000
The deposit for the house that James has to pay,
= 15% of the price of the house
=
=
= £
But, James already has £ 32000 from the deposit
∴ James need = £ 37500 - £ 32000 = £ 5500
Thus, James need £ 5500 more money for the deposit.
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