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.
