Alender estimates that the closing costs on a $165,000 home loan will be $6,187.50. the actual closing costs were 3.5% of the loan amount. determine if the closing costs were higher or lower than the estimate and by what percent? a. higher by 0.25% b. higher by 0.5% c. lower by 0.25% d. lower by 0.5%

Step-by-step explanation:

% of estimated closing cost =

$165,000 * x% = $6,187.50

= $6,187.50 ÷ $165,000

= 0.0375

x = 0.0375 x 100

= 3.75

So,

= 3.75% of $165,000

= $5775

Therefore, the closing cost= 3.75% - 3.5% = 0.25%

total amount to be paid = $19.5

step-by-step explanation:

given ,

original price = $25.99

discount = 25%

discount amount = 25% of original price

discount amount = 25/100   * 25.99

discount amount = $6.49

hence , the total amount to be paid = original price - discount amount

                                                            = $25.99 - $6.49

                                                            =$19.5

total amount to be paid = $19.5

x-3y=4

step-by-step e