Answer
$x$ $=$ $1.02$
Work Step by Step
To solve this problem, use cross multiplication.
To cross multiply, multiply the numbers/variable diagonal from each other.
You would get $2.4$ $\times$ $x$ $=$ $0.7$ $\times$ $3.5$
Isolate the $x$ by dividing both sides by $2.4$
That gets you $x$ $=$ $1.0208...$
The problem asks for you to round the solution to the nearest hundredth.
Do that, and you have your answer: $x$ $=$ $1.02$
*What cross multiplying does is get both fractions with a common denominator. Then, the numerators can equal each other. But cross multiplying allows you to skip this step.