Question

A home buyer is financing a house for $135,950. The buyer has to pay $450 plus 1.65% for a brokerage fee. How much are the mortgage brokerage fees?

Answer 1

`\begin{array}c \cline{1-1} \textit{\textit{\LARGE a}\% of \textit{\LARGE b}}\\ \cline{1-1} \\ \left( \cfrac{\textit{\LARGE a}}{100} \right)\cdot \textit{\LARGE b} \\\\ \cline{1-1} \end{array}~\hspace{5em}\stackrel{\textit{1.65\% of 135950}}{\left( \cfrac{1.65}{100} \right)135950} ~~ \approx ~~ 2243.18`