An amount of $18,000 is borrowed for 10 years at 8.25% interest, compounded annually. If the loan is paid in full at the end of
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Answer: 64%
Step-by-step explanation:
The band needs $800 for new uniforms and of that, they only raised $512.
Set up a proportion and plug everything you know in.
=
Solve for x by cross multiplying and dividing.
512 × 100 = 51200
51200 ÷ 800 = 64
x = 64
The school band has raised 64% of their goal already.