Question

Calculate the rate percent for the following values.
original amount 360; new amount 9

Answers

Answer
The ______ is used to record the value of share that are issued in exchange for non cash assets
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Answered by GPT 3.5
To find the rate percent, we need to determine the percent by which the new amount differs from the original amount.

First, we calculate the difference between the new amount and the original amount: 360 - 9 = 351.

Next, we divide the difference by the original amount and multiply by 100 to find the rate percent: (351 / 360) * 100 = 97.5%.

Therefore, the rate percent is approximately 97.5%.

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