5.1 Percentage changes

Mathematics

1 answer:

Simora [160]3 years ago

6 0

Answer:

Rounded to the nearest integer, at that time there were about 51,493,684 mortgages in the UK market.

Step-by-step explanation:

Given that in February 2019, 195,676 mortgages were outstanding in the UK, which represented 0.38% of all mortgages, to determine how many total mortgages were in the UK market at that time the following calculation must be performed:

0.38 = 195.676

100 = X

(100 x 195,676) / 0.38 = X

19,567,600 / 0.38 = X

51,493,684.21 = X

Thus, rounded to the nearest integer, at that time there were about 51,493,684 mortgages in the UK market.

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