96% of x is 354
0.96x = 354
x = 354/0.96 = 368.75
2) Simple or compount interest? If compound,
x = 4000(1.04)^4 = 4679.43
If you are then please could you help me with these questions below?
1) In 2006 Nick raised ￡354 for charity. This was 4% less than he raised in 2005. How much did he raise in 2005?
2)Burt invests ￡4000 in a savings account. If the interest rate is 4 % per annum how much interest will he have after 4 years?
