sanjidm77 sanjidm77

13-01-2021
Mathematics

contestada

A broker charges customers a fixed fee of 150 plus 5.50% of the amount of all investments made. If a customer invests £40000 through the broker what is the total brokerage payable.

Respuesta :

ewomazinoade ewomazinoade

18-01-2021

Answer:

£2350

Step-by-step explanation:

Commission on the £40,000 = 0.055 x £40000 = £2,200

Total brokerage payable = £2,200 + £150 = £2350

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