How much money will you have if you started with $30 and put it in an account that earned 11% every year for 5 years?
1 answer:
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Answer:
a)
b)
c) Yes.
Step-by-step explanation:
We have that:
And we have $10 free of taxes.
Making x= number of tires to buy, then we have that the total cost of tires is:
So, what we pay for taxes is given by:
a) Then, according to the above, we can write down the total cost before the discount as:
b) And the total cost after discounts, is then given by:
c) If the discount is added first, then less tax will be paid because the amount on which it is paid is lower. If the discount is added later, then the taxes will have been taxed on a higher amount, so it does matter whether they are added first or later.