Loan processing fee

The Nováková family took a loan (loan) of 120,000 euros from the bank. What was the amount of the fee for processing, setting up, and providing the loan if, according to the bank's fee schedule, it is 0.80% of the loan volume, but at least 250 euros and at most 950 euros?

Final Answer:

x =  950 eur

Step-by-step explanation:

$$\begin{gathered} a=120000\text{eur} \\ q=0.80\%=\frac{0.80}{100}=0.008 \\ {x}_0=a\cdot q=120000\cdot 0.008=960\text{eur} \\ 250\le x{\le }_{950} \\ x=\min (950,x_0)=\min (950,960)=950\text{eur} \end{gathered}$$

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