Answer to Question #162765 in Financial Math for alyssa hernandez

Question #162765

Solve for the base. Round to hundredths when necessary.

What is the base if the rate is 16.9% and the portion is 454?


1
Expert's answer
2021-02-24T07:25:02-0500

rate=portion/base×100%rate=portion/base \times 100\%

16.9%=454/base×100%16.9\%=454/base \times 100\%

16.9/100=454/base16.9/100=454/base

base=(454×100)/16.9=2,686.39base =(454\times 100)/16.9=2,686.39


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