Samantha finds a CD with 4.5% APR compounded annually. How much
1 answer:
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Answer: $438
To solve this equation, you cross multiply. I first subtracted 17.5 from 100 in order to get the percentage value that $361.35 was of its original price. Since 100 - 17.5 = 82.5, the washing machine is 82.5% of its original price.
I cross multiplied by writing
, and multiplying 
and 
. The result was 
. This becomes $438. There is no rounding needed to be done.
To solve this equation, you cross multiply. I first subtracted 17.5 from 100 in order to get the percentage value that $361.35 was of its original price. Since 100 - 17.5 = 82.5, the washing machine is 82.5% of its original price.
I cross multiplied by writing