<span>89 is the correct answer.
</span>
Answer:
$30.72
Step-by-step explanation:
You were right with your answer, the teacher is probably just wanting you to tip on the subtotal (before tax) instead of the total total. Instead of doing total+tax+tip, we're going to figure out the tax and tip separately and then add it all together.
<u>Tipping on the subtotal (what your teacher wanted)</u>
20% of $24 = $4.80
8% of $24 = $1.92
$24+$4.80+$1.92=$30.72
<u>Tipping on the total (what you did)</u>
8% of $24 is $1.92
New total is $25.92
20% of $25.92 is $5.18
$25.92 + $5.18 = $31.10
A=p(1+r)^t
A=650×(1+0.08)^(14)
A=1,909.18
Interest earned=a-p=1909.18-650=1,259.18
