Question 1132508
Set up a proportion x/9200= 5/100, simplify 5/100 to 1/20. Then, cross multiply the proportion x/9200= 1/20. You will get the equation 20x= 9200. Next, divide 20x by 20 to cancel out the coefficient, and using the division property of equality, divide 9200 by 20 as well. You will get the equation x= 460. Because you are trying to find a new value after depositing an initial value of 9200 and 2 interest payments of 460, you will get a new value/ sum of 10,120.