How much I treat will be earned on a savings account that pays 8% compounded annually, if $16,000 is invested for 2 years?
2 answers:
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Answer:
Devin will donate <u>$67.5</u> to charity.
Step-by-step explanation:
Given:
Devin made 30 custom t-shirts to sell.
He will donate 1/8 0f his total sales to a local charity.
He sold all 30 t-shirts for $18 each.
Now, to find the amount Devin donate to charity.
Total number of t-shirts = 30.
Each t-shirts sold at = $18.
So, total amount of 30 t-shirts sold:
As, Devin will donate of his total sales to a local charity.
Now, to get the amount he will donate to charity:
Therefore, Devin will donate $67.5 to charity.