Question

Jimmie is buying his first home. At closing he brought a check for $5010. The
closing costs were as follows:
Title Fee
Processing Fee
Appraisal
No. of Points
$2100
$545
$2100
$695
novisan Fee
Based on this information, how much did the house cost?
O A. $83,500
O B. $77,750
O C. $92,000
O D. $78,500
SUBMIT

Answer 1

Answer:83,500

Step-by-step explanation:

Answer 2

The cost of the house will be $83500.

What is Cost of the product?

The amount of money required to purchase any product is called as the cost of that product.

Here we have

Title Fee:-$2100

Processing Fee:-$545

Appraisal :-$2100

Total fee will be =$4745

remaining amount =2010-4745=$265

The no. of the points are 0.3%

So the cost of the home will be calculated as:

$=\dfrac{265}{CH}\times 100=\frac{0.3}{100}$

$=CH=83500$

Hence the cost of the home will be $83500.

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