Gracie owns a deferred annuity. The contract is tied to a market index, which was at 1000 when Gracie purchased the product and
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The money which is borrowed by Carrie to her sister Melissa which she has been paying her back $80 a month is $1250.
<h3>What is percentage of a number?</h3>Percentage of a number is the part of the whole number which is expressed in the fraction of hundredth. It is represented with "%" symbol.
Carrie borrowed money from her sister, whose name is Melissa. She has been paying her back $80 a month for the past 5 months. Thus, the total amount she has returned is,
x=$80×5
x=$400
Now, the $400 is 32% of the money that she borrowed. Thus, the amount of money which she borrowed is,
Thus, the money which is borrowed by Carrie to her sister Melissa which she has been paying her back $80 a month is $1250.
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