Percent formula : is/of = %/100
18 is what percent of 20...
is = 18
of = 20
% = x
sub and solve
18/20 = x/100
cross multiply
(20)(x) = (100)(18)
20x = 1800
x = 1800/20
x = 90 <=== so 18 is 90% of 20
X is equal to 2. put 2 in for X and try to solve it
Answer:
$1210
Step-by-step explanation:
Let x be total amount
First John spent $110 on a radio and 4/11 of what was left on presents for his friends so he was left with
Then he put 2/5 of his remaining money into a checking account
Rest he donated to charity
Hence total amount of money John originally had was $1210
Answer:
64,512
Step-by-step explanation:
First, I multiplied 96 and 14, and I got 1,344.
Then, I multiplied 1,344 and 48, I got 64,512.
Answer:
They lose about 2.79% in purchasing power.
Step-by-step explanation:
Whenever you're dealing with purchasing power and inflation, you need to carefully define what the reference is for any changes you might be talking about. Here, we take <em>purchasing power at the beginning of the year</em> as the reference. Since we don't know when the 6% year occurred relative to the year in which the saving balance was $200,000, we choose to deal primarily with percentages, rather than dollar amounts.
Each day, the account value is multiplied by (1 + 0.03/365), so at the end of the year the value is multiplied by about
... (1 +0.03/365)^365 ≈ 1.03045326
Something that had a cost of 1 at the beginning of the year will have a cost of 1.06 at the end of the year. A savings account value of 1 at the beginning of the year would purchase one whole item. At the end of the year, the value of the savings account will purchase ...
... 1.03045326 / 1.06 ≈ 0.9721 . . . items
That is, the loss of purchasing power is about ...
... 1 - 0.9721 = 2.79%
_____
If the account value is $200,000 at the beginning of the year in question, then the purchasing power <em>normalized to what it was at the beginning of the year</em> is now $194,425.14, about $5,574.85 less.
