Elementary Technical Mathematics

Published by Brooks Cole
ISBN 10: 1285199197
ISBN 13: 978-1-28519-919-1

Chapter 1 - Review - Page 101: 57

Answer

$\$1,050$

Work Step by Step

Note that $\dfrac{3}{4} = 0.75$. Thus, $8\dfrac{3}{4}\% = 8.75\%$ To convert the given percent to decimal, remove the percent symbol then move the decimal point two places to the left to obtain: $8.75\% = 0.0875$ To find $8.75\%$ of $\$12,000$, multiply $\$12,000$ and $0.0875$ to obtain:
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