9units sorry for not showing work though but glad I can help
Answer:
8
Step-by-step explanation:
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Answer:
A = $100(1.12)^2
Step-by-step explanation:
The standard formula for compound interest is given as;
A = P(1+r/n)^(nt) .....1
Where;
A = final amount/value
P = initial amount/value (principal)
r = rate yearly
n = number of times compounded yearly.
t = time of investment in years
For this case;
P = $100
t = 2years
n = 1
r = 12% = 0.12
Substituting the values, we have;
A = $100(1+0.12)^(2)
A = $100(1.12)^2
So what you should do is
15% off, then add tax or
2075 times 0.85 times 1.185=2090.04 about
you can't just add and subtract percents because they are percents of different things
what he did was
he found 15% of 2075 and 18.5% of 2075 then found the difference and added to 2075 to find his total
what he should have done is
found the discounted price (15% off) then found the tax on that
first way
2075 times 0.15=311.25
2075-311.25=1763.75
1763.75 times 0.185=326.29375
1763.75-326.29375=2090.04
2nd way (easy, if you understand commutative property and stuff)
100-15=85
1+0.185=1.185
2075*0.85*1.185=2090.04
answer should be $2090.04