If the first payment of an invoice is $3,840, how much is the second payment of $3,360?

To determine the percentage that the second payment of $3,360 represents in relation to the first payment of $3,840, you can use the formula for calculating the percentage of one quantity relative to another.

First, divide the second payment amount by the first payment amount:

[

\text{Percentage} = \left( \frac{\text{Second Payment}}{\text{First Payment}} \right) \times 100

]

Inserting the values from the question:

[

\text{Percentage} = \left( \frac{3,360}{3,840} \right) \times 100

]

Calculating the fraction:

[

\frac{3,360}{3,840} = 0.875

]

Now, converting this to a percentage:

[

0.875 \times 100 = 87.5%

]

This means that the second payment is 87.5% of the first payment, not the answer you provided.

If we instead want to find the fraction of the first payment that the second payment represents, calculating the difference from the total (i.e., the first payment) can also provide insights.

However, if the problem intended to