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 is 30 is the least common denominator and 330 is the greatest common denominator
right E units, down A units
whenever you have ( -E) whatever you have Inside you do the opposite just like this problem. We have -E so to the right. if it was positive we go left
For this case we can make the following rule of three:
21 ------> 70%
x --------> 100%
Clearing x we have:
x = (100/70) * (21)
Rewriting we have:
x = (10/7) * (21)
x = 30
Thus,
21 is 70% of 30
Answer:
21 is 70% of 30
4000.00 x 2.0 = $80.00 per year x 2 years = $160.00 so 6 months would earn $40.00 taking it to the $200, so 2 yrs 6 mos.
