Answer:
$=s*1.06 (s+s*.06)
Step-by-step explanation:
You need to multiply be the cost of the shoes (1*s) and the cost of tax (.06) which is the same as multiplying by 1.06
Answer:
$490
Step-by-step explanation:
$9800 * 1/20 = $490
9800 * 5% = $490
Answer:
FV= 1,000*(1.12^n)
Step-by-step explanation:
Giving the following information:
Initial investment= $1,000
Increase rate= 12% = 0.12
We need to formulate an exponential equation to show the value in n years.
<u>To calculate the Future Value, we need to use the following formula:</u>
FV= PV*(1+i)^n
Being:
FV= Future Value
PV= Initial Investment
i= increase rate
n= number of periods
FV= 1,000*(1.12^n)
<u>For example, for one year:</u>
FV= 1,000*(1.12^1)
FV= $1,120
For 3 years:
FV= 1,000*(1.12^3)
FV= $1,404.93
If a pencil factory makes 50 cases of pencils in 5 hours. Let's first find out how many cases are made per hour.
50 ÷ 5 = 10 cases per hour
Now you need to know how long it will take to make 55 cases. Since we already know that it takes 5 hours to make 50 cases. So you need to know how many cases for the extra 5 cases. If it takes 1 hour to make 10 cases, it would only take 1/2 hour to make 5 cases.
So it would take 5 1/2 hours to make 55 cases.
Hope this helps. :)
