The percent form of this is 2%
1/4 one fourth is the answer to your question
Answer:
8%
Step-by-step explanation:
If you subtract 1 times the original cost, the result is the tax rate:
27/25 - 1 = tax rate = (27 -25)/25 = 2/25 = 8/100 = 8%
The tax rate is 8%.
Answer:
n = 1
Step-by-step explanation:
Due to it being compounded semiannually, the total amount after n years should be 2000[1+(.086/2)]^2n = 3178. (A = p(1+r/n)^nt)
Hence, solving this equation:
(1+0.43)^2n = 3178/2000
1.43^2n = 1.589
2n = 2
n = 1
