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Marrrta [24]
1 year ago
9

Broker Eric secure the loan for buyer Paul the fees that Eric charges Paul for making the loan could be which of the following a

mounts
Business
1 answer:
Ahat [919]1 year ago
4 0

The fees that Broker Eric most likely charged Paul for making the loan is $390.

<h3 /><h3>What amount did Broker Eric charge?</h3>

While brokers are allowed to charge fees on helping their clients to acquire loans, this amount shouldn't be too high. 5% on a loan and $750 are considered to be too high.

The most likely amount that Broker Eric charged would have been $390 which is reasonable based on most loan amounts.

Options for this question are:

a. $390

b. 5% of the principal

c. $750

d. Actual costs under $700

Find out more on broker fees at brainly.com/question/16203925.

#SPJ1

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there were 200 tickets sold for a college basketball game. Tickets were $4.50 for students and $9 for adults. The total amount c
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70 tickets were sold to student and 130 tickets were sold to adults

Explanation:

Let the number of tickets purchased by students be "X" and the number of tickets purchased by adults  be "Y"

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Total amount collected by selling 200 tickets = 1485 dollar

Cost of one ticket of student = 4.5 dollar

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Two equation are as follows

X + Y = 200\\ ------Eq (1)

4.5 X + 9 Y =1485 -------- Eq (2)

Multiplying eq (1) by 9 and subtracting from equation 2 we get

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Substituting the value of X in equation 1 we get

70 + Y = 200\\Y = 200 -70 \\Y = 130

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