Solve the Problem

question 192

Multiple Choice

Solve the problem. Round your answer to the nearest tenth unless otherwise indicated.
-Last week, Brian earned $355 while Lucy earned $580. $355 is what percentage of $580?

• A)61.0%
• B)22.5%
• C)38.8%
• D)61.2%

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Definitions:

Interest

The cost associated with borrowing funds, often presented as an annual percentage rate.

Annual Discount Rate

The rate used to discount future cash flows to their present value on an annual basis.

Receiving Today

The concept of obtaining or expecting to obtain a certain amount or value in the present time.

Cash Flows

Refers to the net amount of cash and cash-equivalents being transferred into and out of a business.