Question

A mortgage broker charges $1000 plus 0.5% of the mortgage amount. What is the mortgage broker fee for an $89,000 mortgage? (3 points)

Answer 1

so the $1000 is fixed charge

Answer 2

and 0.5% is the variable charge

Answer 3

to get the broker fee :

find out 0.5% of 89,000
and add it to the fixed charge

Answer 4

178,000?

Answer 5

plus the 89,000?

Answer 6

or no sorry 178,000 + the 1000?

Answer 7

how did u get 178,000 ?

Answer 8

I so did this wrong, uh divided 89000 by .5

Answer 9

think a bit, who on earth wud pay 178,000 to a broker :/

Answer 10

try again :)

Answer 11

0.5% of 89,000 = (0.5/100) * 89,000
= ?

Answer 12

uhhh def no one xD uhm 445?

Answer 13

so 1445? (:

Answer 14

445 + 1000 = 1445 is \(\large \color{red}{\checkmark}\)

Answer 15

cool! Thank you! (:

Answer 16

np :)