Question

Erin purchased 100 shares through her online broker. The price per share on the day of the purchase was $15.84. Erin’s broker charged her $0.025 per share as a brokerage fee. How much did Erin pay in brokerage fees? Erin spent $ in brokerage fees.

Answer 1

2.50

Explanation:

Answer 2

$2.50

Explanation:

The total fee is the fee per share multiplied by the number of shares:

$0.025 × 100 = $2.50 . . . . Erin's brokerage fee