Sales tax is a percentage of the sale price of an item that is then added on to the total price of the item.
Example:
let's say you are buying an item priced at $10.00 and the sales tax rate is 6%. Sales tax rates can vary from state to state and even within counties or cities.
Answer:
- a) 125,220,046 barrels
- b) 71.25 years
Step-by-step explanation:
<u>Oil consumption:</u>
<u>Rate of increase of consumption:</u>
<u>Total reserves </u>
- 155*2000000 = 310000000 barrels
a) ....................................................................................
<u>Total oil consumption at the end of 42 years:</u>
- 2,000,000
- 2,000,000*1.02 =
- 2.000,000*1.02^2
- ...
- 2,000,000*1.02^41
<u>Sum</u>:
- 2000000*(1 + 1.02+ 1.02^2+ ...+ 1.02^41) =
- 2000000*(1.02^41 - 1)/(1.02 - 1) = 125,220,046 barrels
b) ....................................................................................
<u>Oil reserves will last:</u>
- 2000000*(1.02^x - 1)/(1.02 - 1) = 310000000
- (1.02^x - 1)/0.02 = 155
- 1.02^x - 1 = 155*0.02
- 1.02^x =1 +3.1
- 1.02^x = 4.1
- x log 1.02 = log 4.1
- x = log 4.1 /log 1.02
- x = 71.25 years
Answer:
210
Step-by-step explanation:
I did this problem earlier so Ik the answer but I just looked up 60% of 350
Answer:
104 and 52
Step-by-step explanation:
just did the assignment on edgen
