Question

bill matthews is investing $11,600 in the washington mutual fund. the fund charges a 5.75 percent commission when shares are purchased. calculate the amount of commission bill must pay.

Answer 1

Step-by-step explanation:

The amount of commission Bill must pay is $668.00. This is calculated by multiplying the amount invested ($11,600) by the commission rate (5.75%) to get the commission amount ($668.00).