Question

Question #fdde5

Answer 1

$47.49 rounded to 2 decimal places

Explanation:

`color(blue)("Preamble")`

The % symbol is a bit like a unit of measurement but one that is worth `1/100`

So `6% ->6xx%->6xx1/100=6/100`
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`color(blue)("Answering the question")`

This is a shortcut approach. However the explanation makes it longer than doing the actual calculation.

Multiply by 1 and you get the original value. So multiply by `(1+6%)` and you get the increased value.

`$44.80(1+6%) ->$44.80(100/100+6/100)->$44.80(106/100)`

`=$47.488` as an exact value

This $47.49 rounded to 2 decimal places
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You should go strait to: `$44.80(106/100)`