The washington’s buy a studio apartment for 240,000.they pay a down payment of 60,000. what percent of the purchase price would a 12,000 down payment be ?

c 1 hour

step-by-step explanation:

m = 2e

m = 2 so 2 = 2e

1 = e

yes, gavin is right.

step-by-step explanation:

gavin is correct. 

this problem is about converting 9% per year to how many percent per quarter. the rate is still the same. it only differed in the time period. so, through dimensional analysis,

9% per year  × (1 year / 4 quarters) = 2.25% per quarter

if he was asked to convert 9% per year to how many percent per quarter  compounded quarterly, then you will not simply divide by four. this is because compounding is not linear.

hope this , have a good day. c;