Question

Today only, a desk is being sold at a 29% discount. The sale price is $426 .

What was the price yesterday?

Answer 1

426=.71x (1.00-.29 = .71 = 71%) the desk is still 71% of the original price. so that brings us to x = $600

Answer 2

An amount of $27,000 is borrowed for 14 years at 4% interest, compounded annually. If the loan is paid in full at the end of that period, how much must be paid back?