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icang [17]
2 years ago
6

A broker charges customers a fixed fee of £150 plus 5.50% of the amount of all investments made. If a customer invests £40 000 t

hrough the broker, what is the total brokerage payable?
(10 Marks)
Mathematics
1 answer:
Romashka [77]2 years ago
8 0

Answer:

Total payable brokerage = £2350

Step-by-step explanation:

Given that:

Fixed fee charged by broker = £150

Percent of fee charged = 5.50%

Amount invested by customer = £40,000

Fee charged = \frac{5.50}{100}*40000

Fee charged = 5.50 * 400 = £2200

Total brokerage payable = £150 + £2200 = £2350

Hence,

Total payable brokerage = £2350

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Answer:

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Step-by-step explanation:

As you might know, the two lines surrounding the -4 represent the absolute value, which is basically the distance from 0, and the distance is always positive. To clear any confusion, the absolute value of positive number will not be it's opposite because remember, distance is always positive, so absolute value is always positive (because it is basically the distance from zero).

To help, here is an example (that is not related to the problem!):

|-6| = 6

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<em>Now, back to the problem...</em>

Since you now know that the absolute value is always positive, |-4| would equal 4. So now you have:

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Hope this helped somehow :D

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