Answer
$\$1,050$
Work Step by Step
Note that $\dfrac{3}{4} = 0.75$.
Thus,
$8\dfrac{3}{4}\% = 8.75\%$
To convert the given percent to decimal, remove the percent symbol then move the decimal point two places to the left to obtain:
$8.75\% = 0.0875$
To find $8.75\%$ of $\$12,000$, multiply $\$12,000$ and $0.0875$ to obtain:
