Answer:
$24.11
Step-by-step explanation:
Let the cost of the present be c.
Then (3/4)c = $18.33.
To isolate (solve for) c, mult. both sides of this equation by (4/3):
(4/3)(3/4)c = (4/3)($18.33), or
c = $24.11
For the first quarter you would use the equation of $2000+(2000 times 0.08)=the money for the first quarter or $2160. the second quarters equation is $2000+(2000 times 0.08)2= the money for the second quarter or $2320. the thirds quarters equation is $2000+(2000 times 0.08)3= the money for the third quarter or $2480. The fourth quarters equation is $2000+(2000 times 0.08)4=the money for the fourth quarter or $2640.
