Answer:
Amount earned = $151,113
Step-by-step explanation:
Here, we are interested in calculating the banker’s earnings rounded to the nearest dollar;
We proceed as follows; we have the following;
1. Annual salary of $75,000
2. 2.35% on approved loans.
Approved loans = 2.8 million
Commission = 2.35/100 * 2.8 million = $65,800
3. $3.75 for each processed loan application
Total = 2750
Amount = 3.75 * 2750 = $10,312.50
Total amount earned is thus;
$75,000 + $65,800 + $10,312.50 = 151,112.5 = 151,113 to the nearest dollar
