4
lesson pretestMultiple Choice

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Question 4 • Mathematics for Data and Financial Literacy

Lea invests $⁢20,000 in a mutual fund and purchases 30 shares of a stock priced at $⁢150 per share. The brokerage charges a 2% fee on the mutual fund and a 1% fee on the stocks. How much in total fees does Lea need to pay?

Answer
A
45 dollars
B
445 dollars
C
400 dollars
D
4 dollars comma 500
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Lea invests $⁢20,000 in a mutual fund and…