Answer:
Pmt Amt $12.50 $23.50 $64.00 $82.00
Fee $0.25 $0.47 $1.28 $1.64
Step-by-step explanation:
The top line is the payment amount.
The bottom line is the 2% fee.
Let's do the middle columns first.
For any payment amount, the fee is 2%.
To find a percent of a number, change the percent to a decimal by moving the decimal point of the percent to places to the left, and multiply the decimal by the number.
2% as a decimal is 0.02
To find 2% of a number, multiply 0.02 by the number.
The second column has payment amount of $23.50
We need to find 2% of $23.50
2% of $23.50 = 0.02 × $23.50 = $0.47
The third column has payment amount of $64.00
We need to find 2% of $64.00
2% of $64.00 = 0.02 × $64.00 = $1.28
Now we do the first and 4th columns. Here we know the fee, and we are looking for the payment amount.
Let the amount be x.
The fee is 2% of x, so the fee is
0.02x
We set the expression equal to the actual fee and solve for x.
The first column has a fee of $0.25
0.02x = $0.25
x = $0.25/0.02
x = $12.50
The 4th column has a fee of $1.64
0.02x = $1.64
x = $1.64/0.02
x = $82
Answer:
Pmt Amt $12.50 $23.50 $64.00 $82.00
Fee $0.25 $0.47 $1.28 $1.64
