Who did the English first trade with in the New World?

John Cabot

In 1497, King Henry VII of England dispatched an expedition led by John Cabot to explore the coast of North America, but the lack of precious metals or other riches discouraged both the Spanish and English from permanently settling in North America during the early 16th century.

Explanation:

I HOPE THIS WILL HELP YOU!

step-by-step explanation:

100%     = 120

1%= 120/100=   1.2

9%   = 1.2 x 9=     10.8

10.80 to the 120 to get $130.80

the correct answer is b.