1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Cerrena [4.2K]
4 years ago
13

A lender is charging 2.75 points on a $275,000 loan. The borrower must therefore pay the lender an advance amount of $11,000? $6

,188? $7,563? $2,750?
Mathematics
2 answers:
icang [17]4 years ago
4 0
A "point" is 1%, so the amount the lender is charging is
  2.75% * $275,000 = $7,652.50
  ≈ $7653
VLD [36.1K]4 years ago
3 0

It says lender is charging 2.75 points on a loan of $275,000.

we know that

1 point = 1%

So 2.75 points = 2.75 %


It means we have to find 2.75% of $275,000

or 2.75% * 275,000

or 0,0275 * 275,000

= 7562.5

≈ $7563

Hence , the borrower must therefore pay the lender an advance amount of $7563.

You might be interested in
6 m 6 m 19 m Not drawn to scale Find the volume of the triangular prism.
Aloiza [94]
The answer is 3) 324
7 0
3 years ago
What is the number?<br><br> 10​% more than a number is 1​32.
Elena-2011 [213]

Step-by-step explanation:

10% more = 110% of the number.

110% of the number = 132

100% of the number = 132 * (10/11) = 120.

The number is 120.

6 0
3 years ago
Fadi starts studying at 3:30 p.m.
Semmy [17]
Finishes studying at 4:10
starts playing at 4:10
finishes playing at 4:40
4 0
2 years ago
Read 2 more answers
Please help me with the question below
Nesterboy [21]
The answer is the last one! Gl
5 0
4 years ago
Identify the sampling method as simple random​ sampling, systematic​ sampling, convenience​ sampling, or stratified sampling. A
shusha [124]

Answer: C.

Simple random sampling

Step-by-step explanation:

A simple random sample in statistics, is a subset of individuals chosen from a larger set. Each individual is chosen randomly and entirely by chance, such that each individual has the same probability for the entire larger set.

4 0
3 years ago
Read 2 more answers
Other questions:
  • How would I solve the rest of this?
    14·1 answer
  • Erin is buying floor tile to put in a room that is 10 ft by 15 ft. She has chosen tiles that are 18 in by 18 in. Assuming that s
    8·1 answer
  • Help with part A and part B
    6·1 answer
  • -9 is less than w and w is less than or equal to -3
    15·1 answer
  • Write the expression for when you translate the graph of y = | 1/2 x−2 |+3 a) one unit up, b) one unit down, c) one unit to the
    7·1 answer
  • Which equation, when graphed would appear narrower than the graph of y= 3x2 + 5
    7·1 answer
  • What are the domain and range of the function below?
    12·2 answers
  • Help ASAP before 2:10
    13·2 answers
  • If triangle ACB is congruent to triangle DCE, angle CAB=50 degrees, angle DCE= 45 degrees, and angle CDE =10x what does x equal
    6·1 answer
  • According to the concept of tragic hero, can we consider the happy prince and the swallow tragic heroes?
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!