Since the hotdog is $2.99 with 7% tax increased by hotdog then
$2.99+0.07(2.99)
$2.99+$0.21
=$3.2
Answer:
14.9%
Step-by-step explanation:
Using the compound interest formula;
A = P(1+r)^t
A is the amount = $2000
P is the principal = $1000
r is the rate
T is the time = 5 years
Substitute the given values into the formula;
2000 = 1000(1+r)^5
2000/1000 = (1+r)^5
2 = (1+r)^5
= 1 + r
r = 1.149 - 1
r = 0.149%
Hence the required rate is 14.9%
Answer:
B
Step-by-step explanation:
We can multiply both sides by 2 to get rid of the fraction and get:
t ≥ 11 × 2 ->
t ≥ 22.
Hope that helps! :)