Answer:
Step-by-step explanation:
Given
--- initial
-- rate
Value after a year = $20.70
Required
Expression to calculate its value after y years
This is calculated using:
Where
Substitute in
Substitute and in
In math the fraction 5/6 means 5 and 6 tenths.
Answer:
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Step-by-step explanation:
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Answer:
$52.03
Step-by-step explanation:
1. Approach
To solve this problem, first one needs to calculate the sales tax, then one must add that to the amount spent on the purchase. To calculate sales tax, one must convert the percent to decimal form, this can be done by dividing the percent by 100. Then one will multiply the decimal by the amount spent.
2. Find the tax
As states above; to calculate sales tax, one must convert the percent to decimal form, this can be done by dividing the percent by 100. Then one will multiply the decimal by the amount spent.
<u>a. convert percent to decimal</u>
8.4 / 100 = 0.084
<u>b. multiply the decimal by the amount spent</u>
48 * 0.084 = 4.032
The amount spent on sales tax is, $4.032
3. Find the total amount spent
Now all one has to do is add the amount spent in tax by the amount spent on the purchase.
48 + 4.032 = 52.032
Since money is only spent rounded to the second decimal point, one has to round the number;
52.03
