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A $75,000 loan requires a $1,875 discount point to be paid by seller and a $375 discount point to be paid by the buyer. This is how many total discount points?

User Jbindel
by
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1 Answer

3 votes

Answer:

C. 3%

Step-by-step explanation:

Given that

I = 1875 + 375 = 2250

V = 75000

Recall that,

I/V = R

So,

= 2250/75000

= 0.03

To percentage = 0.03 × 100

= 3%

User Nathan Werth
by
7.9k points