Answer:
$ 154
Step-by-step explanation
Let the value of suitcase=x
x × 4.5% = 6.93 (converted the question into equation)
x ×
= 6.93 (converted the percentage into fraction)
x = 6.93 x
(took reciprocal of 4.5/100 after moving it to the other side of the equation)
x =
(multiplied the values)
x = 154 $ (simplified the fraction)
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the first choice has a negative 7 and the second choice has a negative 161 these are both negatives in different places which cause a different reaction
The average rate is (4%*2+8%)/3=16/3%=5-1/3%
Therefore the original investment was
3664/(16/300)=300*3664/16=68700,
of which 1/3 was at 8% = 22,900
and 2/3 was at 4% = 45,800
Check:45,800*.04+22,900*.08=3664 yay!