The answer is 22.2045454545
First, lets work out how much Shawn paid in fees.
$545 + $2100 + $695 = $3340
This means after fees, Shawn has $3095 left.
A point means 1% of the mortgage. After fees, Shawn paid $3095 for 2 points or 2% of the mortgage. So, 3095 / 2 = 1547.5, meaning 1547.5 is 1% of the mortgage.
After finding that, we need only multiply that by 100 to find the total cost of the house. 1547.5 * 100 = 154750. Meaning the correct answer is D.
Answer:
B
Step-by-step explanation:
Answer:
$1191.60
Step-by-step explanation:
<u>Option 1:</u>
Leather Loveseat
1200 plus 2% extra charge and NO TAX
What is 2% of 1200??
0.02 * 1200 = 24
So total price = 1200 + 24 = $1224
<u>Option 2:</u>
Lush Blue Loveseat and Lamp
Lush Blue loveseat is 980 + 17% tax, that would be worth 980 + (0.17)(980) = $1146.6
and
lamp is worth 40 with 12.5% tax, that would be worth 40 + (0.125)(40) = $45
Total cost = 1146.6 + 45 = $1191.6
2nd option is cheaper, so that would cost $1191.60