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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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On the Sharp EL-738 calculator, how do I find the interest rate? The question is: Jane earns $300 interest over four years on her investment of $1,200. What annual simple interest rate does this...


Hi,

Jane starts with 1200$ at the beginning of the first year, and at the end of the fourth year she has 1200$+300$=1500$
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$*[(100+x)/100]^2 at the end of the second year.
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1200$*[(100+x)/100]^4=1500$ divide both sides by 1200$
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If 4% of 100 is 104, then how many % of 104 to get back 100


Hello,

Sorry to say it but you are mistaken: 4% of 100 = 4.
To get 104, you are adding the 4% of 100 to 100%
100x(1+4%)=100x(1+0,04)=100x1,04=104.
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
100=104x(1.-p/100) =104 -px104/100=104-1.04xp
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)
0= 104-100-1.04xp (make 1.04xp swich sides with switch of sign)
1.04xp = 104-100=4.

Thus p= 4/1.04=3.846

If a client pay 100$ instead of 104$, customer benefited of a rebate of 4$, which represents a mere 3.846% of the original price. (Not quite 4%)

Hope it helps

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