contestada

When Pete Mills went to withdraw $5,900 from the NFA Mutual fund, he was informed that the fund would charge 8 percent of the amount withdrawn. What is the dollar amount of the withdrawal charge?

Respuesta :

abiolaraymond1995

Answer:

Withdrawal charge = $472

Step-by-step explanation:

Percentage refers to a fraction a whole based on the 100% scale.

The amount withdrawn is $5,900.

Charges on withdrawal = 8%

To calculate the amount of dollar charged on the withdrawn amount, we simply divide this percentage by 100% and multiply by the withdrawn amount.

Withdrawal charge = [tex]\frac{8}{100} * $5900[/tex]

Withdrawal charge = $472

Have a great day

Otras preguntas