Noah has just purchased a previously owned home. he put $5,000 towards a down payment and took out a $65,000 mortgage. noah knows that his older home will need maintenance right away and wants to budget enough for this coming year for unexpected expenses. when estimating costs for home repair and maintenance, a good estimate is to budget 1% of the purchase price of a house. what would be a good yearly estimate of repairs and maintenance for noah’s home?
a.

$1550
b.

$700
c.

$650
d.

$150

b. $700.

Step-by-step explanation:

The price of the house = Down payment + Mortgage loan

= $5000 + $65000

The price of the house = $70000

The estimated costs to maintain the house 1% of the purchase price.

Maintenance cost = 1% of 70,000

= (1/100)*70000

= 70000/100

= $700

Maintenance cost for Noah's home = $700.

Hope this will helpful.

Thank you.

step-by-step explanation:

15% chance.

step-by-step explanation:

3/10 times, the 5 year old will get a tablet. 5/10 times, the 13 yer old will get a tablet. multiply both fractions to get 15/100 times, both would have a tablet.