SOLUTION: Identify the rate in the following statement: 27% of 500 is 135. This is my last one. The Rate would that be 500? I hope...

Algebra ->  Equations -> SOLUTION: Identify the rate in the following statement: 27% of 500 is 135. This is my last one. The Rate would that be 500? I hope...      Log On


   

Question 112118: Identify the rate in the following statement: 27% of 500 is 135.
This is my last one. The Rate would that be 500? I hope...
Answer by jim_thompson5910(35256) About Me  (Show Source):
You can put this solution on YOUR website!
The rate is 27%. Think of interest rate (although interest has nothing to do with this problem). Interest rates are always in the form of percentages or decimals like 0.27.