# Jake desires

Jake desires to purchase a house valued at 3000000. The bank approves his mortgage with a 12% deposit and 5% interest. What is the deposit?

### Correct answer:

Tips for related online calculators

Our percentage calculator will help you quickly calculate various typical tasks with percentages.

#### You need to know the following knowledge to solve this word math problem:

#### Units of physical quantities:

#### Grade of the word problem:

## Related math problems and questions:

- Deposit for house

The current house price is $300000, with prices increasing by 3% yearly. A buyer wishes to purchase the house in 5 years. The bank requires a 10%deposit on the price of the house in order to grant a loan. How much would the buyer need to deposit each quar - Deposit

At the beginning of the year, Michael's father opened a bank account in which he deposited 1,800 euros. At the end of the year, he had 1,845 euros in his bank account. What was the annual interest rate in percent? - Present value

A bank loans a family $90,000 at a 4.5% annual interest rate to purchase a house. The family agrees to pay the loan off by making monthly payments over 15 years. How much should the monthly payment be in order to pay off the debt in 15 years? - Annual interest

How many euros did Mr. Slovak deposit in the bank if, after a year, at an annual interest rate of 3.8%, he had 2,076 euros in his account? - Interest 29731

How much interest will the savings bank credit to the deposit of CZK 25,000 in 1 year at an annual interest rate of 2.5%? - Millionaire

Mr. Smith has withdrawn from the bank, saving interest € 1,500. How big was his initial deposit if the annual interest rate was 1.5%? - Entrepreneur 22941

Entrepreneur Zahourek deposited 450,000 into the bank's account with 4.5% annual interest. Calculate what the amount will be on the deposit account after three years. - Deposit is pesos

Sally deposits Php.22,000 in her savings account. If the bank pays 1.5% interest per year, how much will she receive at the end of the year? - Mortgage

Family XY wants to take the bank mortgage (a loan for an apartment/house) for € 100,000. Bank processing the mortgage charges a fee of 0.79% of the amount borrowed. How many euros is this fee? - Bank account CZ

We will deposit CZK 6,600 into the bank for one year with an interest rate of 2.5%. The interest tax is 15%. How many crowns will we receive after one year? - Compound interest

Calculate the time when the deposit in the bank with interest 2.6% p.a. doubles. - Entrepreneur 2691

The entrepreneur invested euros in the bank at the beginning of 2000 for a period of 9 months with an annual interest rate of 12%. How many euros will the bank credit him with the deposit after nine months? - Insurance 2

A house that is valued at 255,000 euros has been insured for 224,000 euros. At what percent has it been insured? - Mr. Brown

Mr. Brown invested 15,000 euros in the bank for an annual term deposit. After the first year, he gained 600 euros. What was the annual interest rate of his deposit? - Repay, interest, loan

Ramchacha takes a loan amount of 240000 from a bank for constructing a house at a simple interest rate of 12% per annum. After one year of taking the loan, he rents the house at the rate of 5200 per month. Determine the number of years he would take to re - Beginning 4820

Karel saved SKK 12,000 in the savings bank at the beginning of the year. At the end of the year, the savings bank credited him with SKK 1,680. At what annual interest rate did Karel have the deposit in the savings bank? - Interest 37571

We will deposit € 10,500 at the bank at 1.1% interest, and we want to withdraw € 11,000. How many years do we have to wait? Round to 2 decimal places.