Answer:
Hi,
As I understand it, you want to know the value of the discounted CD, right?
The 5% discount value is $1.15 and the CD value with a discount $21.84.
This can be easily solved using the rule of three.
Step-by-step explanation:
First, let's consider that the full value of the CD represents 100%:
Value ($) Percent (%)
22.99 --------------------------------- 100%
Next, we consider the discount amount to be "x":
Value ($) Percent (%)
22.99 --------------------------------- 100
x --------------------------------- 5
Finally, we multiply in a cross:
[tex](22.99) . 5 = 100 . x[/tex]
Isolating the x:
[tex]x= \frac{[(22.99).5]}{100}[/tex]
[tex]x= 1.15[/tex]
Therefore, the 5% discount amount is $ 1.15.
To find the value of the CD with a 5% discount, just subtract:
[tex]22.99 - 1.15 = $ 21.84[/tex]
Any questions, just leave in the comments.
If you want to practice more, take a look at the question below.
https://brainly.com/question/14384887?referrer=fromSearch
