# Mortgage

Family XY wants to take the bank mortgage (loan for an apartment/house) in the amount of € 100,000. Bank for processing the mortgage charges a fee of 0.79% of the amount borrowed. How many euros is this fee?

Result

x =  790 eur

#### Solution:

$x=100000 \cdot \ (0.79/100)=790 \ \text{eur}$

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