Sam took out an 80/20 mortgage on a $205,000 home. what is the amount financed under the first mortgage a.$164,000 b.$41,000 c.$205,000 d$120,000

Given condition is: Sam took out an 80/20 mortgage on a $205,000 home.

Here, 80/20 refers to 80% mortgage amount means it will be paid as mortgage and 20% loan amount.

So, to find the amount financed under the first mortgage, we will find 80% of 205000.

= $164000

Hence, option A is the correct answer.

false

step-by-step explanation:

whenever we assume a point on a plane then according to geometry it will definitely have 2 dimensions and if it assumed in space then it will have 3 dimensions.