Question

How much is 47% of 47% of 47% of 47% of $60? Round your answer to the nearest penny.
AND PLEASE LET ME KNOW HOW YOU SOLVED IT!!

Answer 1

% means “divided by 100”
”of” means “times” or ×.

47% of 47% of 47% of 47% of $60 = 0.47×0.47×0.47×0.47×$60 = 0.47^4 ×$60 ≈ $2.93