A mortgage

A mortgage company charges borrowers $3.50 plus 2% of the loan amount. What is the total charge to get a home loan of $190,000?

Correct answer:

x =  3803.5 USD

Step-by-step explanation:

a=190000 USD r=2%=1002=501=0.02  x=3.50+r a=3.50+0.02 190000=3803.5 USD



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