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Slav-nsk [51]
3 years ago
8

A customer wants to buy two pairs of jeans at $30 each. The sales tax is 6%. He has a gift certificate for $50 and a $20 bill in

his wallet. Which of the following represents the correct amount of change the customer should receive?
A. One $10 bill, three $1 bills, 2 quarters, and 1 dime
B. Two $5 bills
C. One $5 bill, one $1 bill, 1 quarter, and 1 dime
D. One $5 bill, one $1 bill, and 4 dimes
Business
2 answers:
cluponka [151]3 years ago
8 0
The answer is
<span>B. Two $5 bills</span>
77julia77 [94]3 years ago
4 0

Answer: One $5 bill, one $1 bill, and 4 dimes.

Explanation:

Apex

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<u>Part A</u>

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<u>Answer:</u>

$207,021

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<u>Explanation:</u>

The balance on the account at the end of the year 2020 is $1,000,000

The question asks us to calculate the balance on the account at the end of the year 1970, which is exactly 50 years ago.

We would simply discount the $1,000,000 by using an interest rate of 3.2%

PV_{1970} = \frac{1000000}{(1 + 0.032)^{50} } = $207,021

<u>Part B</u>

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<u>Answer:</u>

$17,892.88

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We have the value at year 1970 which is $207,021

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$15,000

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