Consider the question. Roger bought a house for $100,000. He was able to pay 20% down, and his parents paid off an additional 30% of the remaining balance. How much money does Roger still owe on his house?
If the answer is '56000'; explain the reasoning:
100000(.20) = 20000$ down payment. 100000 - 20000 = $80000 remaining. 80000(.30) = 24000. 80000 - 24000 = 56000$.