Solve for rate in the problem. Round to the nearest tenth of a percent.
-$15.56 is % of $586.32.

Question

Quizplus · Accepted Answer

To solve for the rate, we need to set up an equation:

x/100 = 15.56/586.32

Where x is the rate we are trying to solve for.

To solve for x, we can cross-multiply:

586.32x = 100(15.56)
586.32x = 1556
x = 1556/586.32
x = 0.0265

To convert to a percentage, we multiply by 100:

x = 2.65%

Rounding to the nearest tenth of a percent, we get:

x = 2.7%

Therefore, the answer is D) 2.7.

Solve for Rate in the Problem