Problema Solution
• Amtrak has approved budgets for the Fiscal Years 2006 and 2007. The 2007 budget for Amtrak is 3.242 billion. This is 0.527% more than the 2006 budget. Determine the Amtrak budget for 2006.
Answer provided by our tutors
let 'x' represent the budget for 2006
0.527% is expressed as a decimal as 0.527/100 = 0.00527
3.242 = x + 0.00527x
solving for 'x' we have x=3.225
the 2006 budget for Amtrak would have been 3.225 billion