Ask Question
12 September, 20:44

A mortgage broker charges 1000 plus 0.5% of the mortgage amount. What is the mortgage broker fee for an 89,000 mortgage?

A. $445

B. $450

C. $1,445

D. $1,500

+1
Answers (1)
  1. 13 September, 00:05
    0
    Hi there! The answer is C.

    To find our answer we must multiply 89,000 by 0.5% (which is the same as multiplying by 0.005) and next add up 1000. We get:

    0.005 * 89,000 + 1,000 = 445 + 1000 = 1,445.

    Therefore, the mortgage broker fee is $1,445.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “A mortgage broker charges 1000 plus 0.5% of the mortgage amount. What is the mortgage broker fee for an 89,000 mortgage? A. $445 B. $450 C. ...” in 📘 Mathematics if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers