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1% is 16 dollars
We will call the golden ratio, 1.618033989:1, G. G2-1=G; 1/G+1=G; (1+G)/G=G; For more, research golden ratio on wikipedia.
1 percent of 345 dollars is 3.45 dollars.
1% of $30,000 = $300
You would take the following steps for G = A / (1-R):G = A / (1-R)Multiply by (1-R):G * (1-R) = ADivide by G:(1-R) = A/G1-R = A/GSubtract 1:-R = (A/G) - 1Divide By -1:R = -((A/G) - 1)Check Work:Original Problem:A = 12; R = 5G = 12 / (1-5)G = -3Solving For R:R = -((12/-3)-1)R = 5Therefore, R= -((A/G)-1)