After Adding $2 \frac{1}{4} \%$ To a Sum of Money, the New Amount Is $45,000

question 253

Multiple Choice

After adding $2 \frac{1}{4} \%$ to a sum of money, the new amount is $45,000.00. What was the original amount of money?

• A) $43,987.50
• B) $44,009.78
• C) $2,000,000.00
• D) $46,035.81
• E) $20,000.00

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Definitions:

Crowded Market

describes a market characterized by high levels of competition, with many firms offering similar products or services, often leading to increased competition on price and quality.

In-House

Activities or processes performed within an organization by its own employees or resources, rather than being outsourced.

Outsource

The practice of hiring third-party vendors to perform services or produce goods that were previously done in-house, often to reduce costs or access specialized skills.

Low Bidder

In procurement, it refers to the entity that offers the lowest price to supply goods or services in a competitive bidding process.