Question

Someone please helppppp
A bank charges 1.25 of a point for the origination fee on a mortgage of $200,000. What is the origination fee?

$125

$250

$1,250

$2,500

Answer 1

@dumbcow @AwesomeB

Answer 2

is it B? can anyone confirm

Answer 3

what does a point represent? im guessing you should have learned this in your class or you can google it

Answer 4

1%

Answer 5

yep so 1.25 points = 1.25%

Answer 6

no its not B

Answer 7

yeah got it made a mistake in decimal :(
Bad day for me

Answer 8

ok so now what

Answer 9

I am getting 2500

Answer 10

haha

@kenbaby you would find 1.25% of 200,000

Answer 11

so its D.

Answer 12

correct