Answer:
Domain:
(
−
∞
,
∞
)
Step-by-step explanation:
Answer: $4.52
Step-by-step explanation:
From the question, sales tax rate is $8.25 per $100, this means that for every $100 item sold, $8.25 will be paid as sales tax.
Sales tax for 54.80 = x
Step 2: write the equation as;
8.25 = $100
Sales tax for $1 item will be (divide both sides by 100
$8. 25/ 100 = $0.0825
Step 3: determine the sales tax on $1 item, that is if sales tax $1 item = $0.0825
Sales tax for $54.80 item will be 0.0825 x 54.80
= $4.52
Answer:
850 divided by 7.5
Step-by-step explanation:
Answer:
BC=7 cm
Step-by-step explanation:
<span>$628,119.20
The formula for calculating the periodic payment on a loan is:
P = r(PV)/(1-(1+r)^(-n))
where
P = Payment
PV = Present Value
r = Interest rate per period
n = number of periods
So for this loan, assuming that payments are made monthly, the value r will be 0.05575/12 = 0.004645833, the value n will be 30*12 = 360, and PV is 592000. So let's substitute these values into the equation and calculate:
P = r(PV)/(1-(1+r)^(-n))
P = 0.004645833(592000)/(1-(1+0.004645833)^(-360))
P = 2750.333333/(1-(1.004645833)^(-360))
P = 2750.333333/(1-0.188505723)
P = 2750.333333/0.811494277
P = 3389.220861
So each payment will be $3389.22
Arnold will make a total of 360 payments, so will spend
360 * $3,389.22 = $1,220,119.20
Since his loan was for only $592,000; let's subtract that from his total payments to get the interest.
$1,220,119.20 - $592,000 = $628,119.20
Therefore his total interest is $628,119.20</span>