If you would like to know how much money will Gerold have at the end of 5 years, you can calculate this using the following steps:
1 year: $118 + 6% * $118 = 118 + 6/100 * 118 = 118 + 7.08 = $125.08
2 year: $125.08 + 6% * $125.08 = 125.08 + 6/100 * 125.08 = 125.08 + 7.50 = $132.58
3 year: $132.58 + 6% * $132.58 = 132.58 + 6/100 * 132.58 = 132.58 + 7.95 = $140.53
4 year: $140.53 + 6% * $140.53 = 140.53 + 6/100 * 140.53 = 140.53 + 8.43 = $148.96
5 year: $148.96 + 6% * $148.96 = 148.96 + 6/100 * 148.96 = 148.96 + 8.94 = $157.9
The correct result would be $157.9.
The unit rate is approximately 18 i think. Hope it helps :)
If the tax was 10%, then you’d end up paying the original 100% plus the additional 10% tax, so you’d pay 110% of the original price.
In your example, it’s the same, except you have 8.25% tax, so you’d pay 100%+8,25% or 108.25% of the original price.
That’s stated as a percent.
To convert a percent to a decimal, you divide by 100:
108.25 ÷ 100 = 1.0825
To convert a decimal to a fraction, you have to know the place value of the smallest place. In this case, the 5 is in the ten thousandths place.
10825/10000
You can always double check that fraction on a calculator.
Answer:
the last box represents a set of data
