Answer:
[tex]Second = \$213876[/tex]
Step-by-step explanation:
Given
Highest Winning = $262,743
Second Highest Winning = 81.4012% of the first
Required
Determine the value of the second highest winning
Recall that
[tex]Second\ Highest\ Winning = 81.4012\%\ of\ the\ first[/tex]
Substitute $262,743 for the first highest winning
[tex]Second = 81.4012\%\ of\ \$262,743[/tex]
[tex]Second = 81.4012\%\ * \$262,743[/tex]
[tex]Second = \$213875.954916[/tex]
Approximate
[tex]Second = \$213876[/tex]
Hence, the second highest winning is approximately $213876