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QuestionA college spent 17.30% of its funds on laptops, totaling \$132,000. How much did it receive from the bill? Round to the nearest whole number.

Studdy Solution

STEP 1

Assumptions1. The college used17.30% of the funds it received to purchase laptops. . The cost of the laptops is $132,000.
3. We need to find the total funds the college received, rounding to the nearest whole number.

STEP 2

We can find the total funds by dividing the cost of the laptops by the percentage of funds used to purchase them.Total funds=Cost of laptopsPercentage of funds usedTotal\, funds = \frac{Cost\, of\, laptops}{Percentage\, of\, funds\, used}

STEP 3

Now, plug in the given values for the cost of laptops and the percentage of funds used.
Total funds=$132,00017.30%Total\, funds = \frac{\$132,000}{17.30\%}

STEP 4

Convert the percentage to a decimal value.
17.30%=0.17317.30\% =0.173Total funds=$132,0000.173Total\, funds = \frac{\$132,000}{0.173}

STEP 5

Calculate the total funds the college received.
Total funds=$132,0000.173≈$763,005.780Total\, funds = \frac{\$132,000}{0.173} \approx \$763,005.780

STEP 6

Round the total funds to the nearest whole number.
Total funds≈$763,006Total\, funds \approx \$763,006The public college received approximately $763,006 from the spending bill.

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