Francesca withdrew $7,000 from b shares that she owned in the already been counted mutual fund within one year of her purchase. if she must pay a 5% contingent deferred sales fee, what will her total fee be?

her total fee is $350

Explanation:

given data

Francesca withdrew  = $7,000

sales fee = 5%

to find out

what will her total fee be

solution

we get her total fee that will be here express as

her total fee  =  Francesca withdrew ×  sales fee             1

put here value we get          

her total fee  = $7,000 × 5%

her total fee  = $7,000 × 0.05

her total fee  = $350

so her total fee is $350

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