Okay. So to find the amount of sales tax, we have to first subtract the text book cost from the total. 113.94 - 108 = 5.94. That’s $5.94 in taxes. To find the percentage, we have to do the amount in taxes divided by the cost of the item, in this case, the textbook. 5.94 / 108 is 0.055. Multiply 0.055 by 100 in order to get the percentage. When you do that, you get 5.5%. Matthew was charged 5.5% in sales tax.
Answer:
No solution
Step-by-step explanation:
Can you plz mark be brainliest if my answer is correct, thank you.
Answer:
-7.5
Step-by-step explanation:
The 20% rate the bank borrowed Oliver the loan for 3 months gives an interest of $125.
<h3>How can the simple interest be calculated?</h3>
The amount Oliver borrowed = $2,500
The interest rate applied to the loan = 20%
Required: To calculate the simple interest using the formula, I = P•R•T
Where;
I = The simple interest
P = The principal borrowed = $2,500
T = The time or loan duration = 3 months = 1/4 year
R = The rate at which the loan is applied = 20% = 0.2
Therefore;
I = $2,500 × 0.2/year × 3/12 year = $125
The correct option for the interest paid on the loan is therefore;
Learn more about simple interest calculations here:
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Ay the fith hour because it follows a rule of *2/h so at the fith hour he would win $16