This is a compound interest problem so you cannot use the simple interest formula. Effectively the total amount is being compounded each year by 6%. There is a formula for compound interest but in this simple example you can work this out recursively.
year 1 = 6500
year2 = 6500*1.06 = 6890
year3 = 6890*1.06 = 7303
year4 = 7303*1.06 = 7741..
etc......
year12 = 11604*1.06 = 12338
Answer:
Step-by-step explanation:
3x^2 + 2x^2 - 5x + 7x + 6 - 9
5x^2 + 2x - 3
Answer:
Sweater costs 56.00
To calculate the discounted price of the sweater
56 * (30/100) = 16.8
We used (30/100) to find out the 30 percent of the sweater which will be on discount/reduced.
56-16.8=39.2 is the discounted price
Then we subtract the amount of discount from the original price of sweater to find out the discounted price.
Step-by-step explanation:
Answer:
5
Step-by-step explanation:
I divided 
= 5
