Finding the Third Proportional to 11,020.50 and 23,698.31

Step by Step Solution

1. Step 1: Write the proportion equation
   11,020.50 : 23,698.31 = 23,698.31 : x
2. Step 2: Convert to fraction form
   11,020.50/23,698.31 = 23,698.31/x
3. Step 3: Cross multiply
   11,020.50x = 23,698.31 × 23,698.31
4. Step 4: Simplify right side
   11,020.50x = 561,610,015.35
5. Step 5: Solve for x
   x = 561,610,015.35/11,020.50
6. Step 6: Final answer
   x = 50,960.48