Kinsley invests in stocks, purchasing 40 shares at $⁢120 each, and $⁢10,000 worth of mutual funds. If the brokerage charges a 1.5% fee on the stocks and a 2% fee on the mutual funds, how much does Kinsley need to pay in total fees?

Kinsley spends 40 × $120 = $4,800 on stocks, so the 1.5% stock fee is $4,800 × 0.015 = $72. The mutual fund fee is $10,000 × 0.02 = $200. Adding the fees gives $72 + $200 = $272, so the total fees are 272 dollars.

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