Ellen

Hi Ellen,

3.5% is 3.5 percent and the suffix cent means 100. (A cent is a coin worth one one-hundredth of a dollar.) This 3.5% can also be written ^3.5/₁₀₀ Thus 3.5% of 4000.00 is

 ^3.5/₁₀₀  4000.00 = 140

Penny