Mary cooper just purchased 100 shares in the all-american fidelity fund. the purchase cost for each share was $20. if this fund charges a 5 percent load, what is the total amount of commission she will pay the investment company? group of answer choices
a. $2,000
b. $100
c. $1,000
d. $2,100
e. it is impossible to calculate ms. cooper's total investment with this information.

total amount of commission = $100

so correct option is b. $100

Explanation:

given data

purchased = 100 shares

purchase cost = $20

charges = 5 percent = 0.05

to find out

total amount of commission

solution

we get here total amount of commission that is express as

total amount of commission  = purchased × purchase cost × charge  1

put here value , we will get total amount of commission

total amount of commission = 100 × $20 × 0.05

total amount of commission = $100

so correct option is b. $100

answer; to open a new transaction, the user should type the code/0 along with a new transaction code, when done with that the user should press enter to open the transaction; good luck;