SOLUTION: 1. During one year, the Larson�s real estate bill included $478 for local schools. Of this amount, $320 went to the high school district. What percent did the Larson pay the high s

Question 494824: 1. During one year, the Larson�s real estate bill included $478 for local schools. Of this amount, $320 went to the high school district. What percent did the Larson pay the high school district? (Round answer to two decimal places.)
2. (Find a percent notation for the fraction notation in the sentence)
In one town, 28 over 100 of those with college education end up moving away to a larger city. Explain or show how your arrived at your answer.

3. 52.5 is what percent of 7? (Round to the nearest tenth of a percent and show your steps)

4. During one year, the Schmidt�s real estate bill included $299 for miscellaneous services. Of this amount, 32% went to the library fund. How much money did the library receive?

5. Hamlet has a credit card balance of $4172.76 with an annual percentage rate of 23.2%. His card requires a minimum payment of 2% of the total balance. What is his minimum payment?

Answer by Theo(13342) (Show Source): You can put this solution on YOUR website!
1. During one year, the Larson�s real estate bill included $478 for local schools. Of this amount, $320 went to the high school district. What percent did the Larson pay the high school district? (Round answer to two decimal places.)

478 for local schools.
of this 320 went to the high school.
larsons payed 320/478 = .669456067 * 100% = 66.9456067% of the local schools tax to the high school district.
round this off to 2 decimal places to get 66.95% of the local schools tax went to the high school district.

2. (Find a percent notation for the fraction notation in the sentence)
In one town, 28 over 100 of those with college education end up moving away to a larger city. Explain or show how your arrived at your answer.

28/100 = .28 * 100% = 28%.

3. 52.5 is what percent of 7? (Round to the nearest tenth of a percent and show your steps)

52.5 / 7 = 7.5 * 100% = 750%.

4. During one year, the Schmidt�s real estate bill included $299 for miscellaneous services. Of this amount, 32% went to the library fund. How much money did the library receive?

the library received 32% / 100% = .32 * $299 = $95.68.
$95.68 / $299 = .32 * 100% = 32%

5. Hamlet has a credit card balance of $4172.76 with an annual percentage rate of 23.2%. His card requires a minimum payment of 2% of the total balance. What is his minimum payment?

your monthly interest rate percent is equal to 23.2% / 12 = 1.9333333%
your monthly interest rate is equal to 1.93333333%/100% = .01933333333
add 1 to this to get a monthly factor of 1.0193333333
your monthly balanc4e is multiplied by that before subtracting any payment.
your balance is $4172.76
your minimum monthly payment is 2% of that.
your minimum monthly payment is .02 * $4172.76 = $83.4552
that's your answer.
the month's payment is calculated as follows:
4172.76 * 1.019333333 = 4235.3514 - 83.4552 = 4152.8962
your next month's minimum payment will be 4152.8962 * .02 = 83.037924
to answer this question, however, you didn't need to know that.
all you needed to know was that the remaining balance was 4172.76 and that your minimum payment was 2% of that which made your minimum payment equal to 4172.76 * .02 = $83.4552

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