Joyce paid $220 for an item at the store that was 30 percent of the original price. What was the original price?
1 answer:
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A=future amount
P=present amount
r=rate in decimal
n=number of times per year compounded
t=time in years
given
P=455
r=4%=0.04
n=1
t=2
A=492.128
round
$492.13
3rd option