Answer:
the correct answer is option is option B
Step-by-step explanation:
bill took mortgage on lake house of $125,000.00
the bank charge him 2 points at the closing.
2 point closing means bank charges 2 % on the amount.
hence we need to find 2 % of the mortgage on a lake house
so , the pointed amount will be
= [tex]\dfrac{2}{100}\times 125,000.00[/tex]
= 0.02 × 125,000.00
= 2500
so, the point amounted is $2500
hence, the correct answer is option is option B
