A house sells for $\$ 230,000$ and the buyer makes a $10 \%$ down payment. Determine the down payment amou amount financed.
Answer
Final Answer: The down payment is \(\boxed{23000}\)
Step 1 :Let's denote the total cost of the house as \(total\_cost\) and the down payment percent as \(down\_payment\_percent\).
Step 2 :\(total\_cost = 230000\)
Step 3 :\(down\_payment\_percent = 0.1\)
Step 4 :We can find the down payment by multiplying the total cost by the down payment percent.
Step 5 :\(down\_payment = total\_cost \times down\_payment\_percent\)
Step 6 :Substituting the given values, we get \(down\_payment = 230000 \times 0.1 = 23000.0\)
Step 7 :Final Answer: The down payment is \(\boxed{23000}\)