When pete mills went to withdraw $10,100 from the nfa mutual fund, he was informed that the fund would charge 6 percent of the amount withdrawn. what is the dollar amount of the withdrawal charge? (round your answer to 2 decimal places.) multiple choice

a. $606.00
b. $6,060.00
c. $60.60
d. $1,212.00
e. $121.20

Option (A) is correct.

Explanation:

Given that,

Amount withdraw by Pete Mills = $10,100

Mutual charges on amount withdrawn = 6%

Therefore, the dollar amount of the withdrawal charge;

= Amount withdraw by Pete Mills × Percent charges by mutual fund on withdrawal of fund

= $10,100 × 0.06

= $606.00

Hence, the correct answer is $606.00

Answeeikskxr:

Step-by-step explanation: