Answer
\[\$12,000\]
Work Step by Step
Calculation of the down payment can be done by multiplying the price of the house to the percent amount paid for the down payment.
Compute the amount of down payment as shown below:
\[\begin{align}
& \text{Down payment}=\text{Price of the house}\times \text{percent of down payment} \\
& =\$120,000\times0.10\\&=\$12,000\end{align}\]
Hence, the amount of down payment is\[\$12,000\].
