Question

Becca is financing a house for $125,250. She has to pay $425 plus 1.25% for a brokerage fee.
How much are the mortgage brokerage fees?

$1,990.63

$3,556.25

$581.56

$1,565.63

Answer 1

Can you tell me if it's 1.25% of 425 or 125,250?

Answer 2

ummm wouldnt it be 1.25% of 125,250

Answer 3

Oh! I get it.

Answer 4

1.25% of 125 250 = 1565.625

Answer 5

lol i dont

Answer 6

\(\Large \color{MidnightBlue}{\Rightarrow 425 + {1.25 \over 100}(125,250) }\)

Answer 7

\(\Large \color{MidnightBlue}{\Rightarrow 425 + 1565.63 }\)

Answer 8

i got it now! thank you soooooo much

Answer 9

$1,990.63..

Answer 10

:)

Answer 11

lol i'm just adding what @ParthKohli is saying xD

Answer 12

hey parthkohli can u look at one more prob for me

Answer 13

Well @BlacChyna thanks, but you should add only when it will help :)

Answer 14

Sure!

Answer 15

Fabian is purchasing a home for $89,500 and is financing 75% of it. The documentary stamp tax on the deed in his state is $0.70 per $100 or portion thereof. How much will he pay for the documentary stamp tax?
$469.88

$626.50

$958.93

$1278.57

Answer 16

Okay, first calculate 75% of 89,500.

Answer 17

\(\Large \color{MidnightBlue}{\Rightarrow 89500 * 0.75 }\)

Answer 18

i got 67,125

Answer 19

Now, divide 67,125 by 100.

Answer 20

now i got 671.25

Answer 21

Correct... now multiply that by 0.7 as you pay 0.7 dollars.

Answer 22

which equals 469.875

Answer 23

Yeah, so what's the answer now? =)

Answer 24

469.88! thanks :))))

Answer 25

:)