Solve. If necessary, round percents to the nearest tenth and all other answers to the nearest whole.The Tragord family paid 17% of the purchase price of a $116,000 home as a down payment. Determine the amount of the down payment.

A. $6824
B. $19,720
C. $197
D. $1972


Answer: B

Mathematics

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A.

B.

C.

D.

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A. {2} B. {-2} C. {2, 38} D. {3, 8}

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Solve the problem.Find the effective rate if the nominal rate is 3.5% and interest is compounded quarterly. (If r is the nominal rate and n is the number of times interest is compounded annually, then R =  n - 1 is the effective rate.) Round to the nearest hundredth of a percent.

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Mathematics