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4+4% of 100 - Office Equipment & Supplies

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To solve this first find what 4% of 100 is. We calculate this by taking 4/100 x 100 ( where 4/100 puts the
percentage into decimal form) thus, 4/100 x 100 = 4. Then put it into the original equation. 4+4 = 8.

Posted on Mar 30, 2011


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Use x for her annual interest rate, that means at the end of the first year she will have 1200$*[(100+x)/100]. At the end of the second year her first-year money earns at the same rate, so she will have 1200$*[(100+x)/100]*[(100+x)/100]=1200$*[(100+x)/100]^2 at the end of the second year.
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Sorry to say it but you are mistaken: 4% of 100 = 4.
To get 104, you are adding the 4% of 100 to 100%
Your question is really what percent of 104 must I subtract (like a rebate) from 104 to obtain 100.
Translated into an equation where the unknown (call it p) is the percent you have to subtract
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I am showing you all the steps even if they seem elementary.

In summary
100=104-1.04xp (make 100 switch sides witha switch of sign)
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