### Calculating Down Payments as a Percentage

Students will learn to calculate down payments using a percentage.

#### Teaching Objectives:

• Students will define down payment.
• Students will review percentages.
• Students will review convert percentages to decimals.
• Students will review calculating percentages.
• Students will use these skills to figure out down payments.

#### Lesson Excerpt:

Sometimes, a down payment is simply a dollar amount of money, but sometimes it is a percentage.

Before we begin calculating down payments as a percentage, let’s review what a percent is.

What is a percent?

A percent is a part of a whole out of 100. If we say that we have 10% of a something, we have 10 out of 100.  When we calculate a percent, we figure out what part of the whole that we have.

Calculating percents can help us figure out down payments.

If we calculate the percent of a down payment, then we know how much the person needs to pay for the down payment.

#### View Full Lesson:

Categories Borrowing Money, Debt, Money Math 