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Last year, a math textbook cost $54. This year the cost is 107 percent of what it was last year. What is this year's cost?
a. $59.78b. $57.78c. $61.00d. $50.22
To ?nd out 107% of $54, multiply $54 through the decimal equivalent of 107% (1.07); $54 × 1.07 = $57.78. If you chose d, you found what the cost of the book would be if it was 7% LESS next year.
A worker retires with a lump sum superannuation benefit of $500,000. She immediately invests this money in a fund earning 5% pa effective. One year after retirement she begins maki
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Find out the next number in the subsequent pattern. 320, 160, 80, 40, . . . Each number is divided by 2 to find out the next number; 40 ÷ 2 = 20. Twenty is the next number.
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