Answer:
<em>The tax is $1.54 and the price after tax is $31.54</em>
Step-by-step explanation:
<u>Percentages</u>
The procedure to add a percentage ratio p to a given quantity q is:
* Calculate the increase as i = p*q/100
* Add the increase to the original quantity to get the final quantity f=q + i
It's given the sales tax rate in New Mexico is p=5.125%. A pair of pants in New Mexico costs q=$30 before tax.
* The increase (tax) is i = (5.125*30)/100 = $1.54
* The price after tax is f = $30 + $1.54 = $31.54
The tax is $1.54 and the price after tax is $31.54
Given
Present investment, P = 22000
APR, r = 0.0525
compounding time = 10 years
Future amount, A
A. compounded annually
n=10*1=10
i=r=0.0525
A=P(1+i)^n
=22000(1+0.0525)^10
=36698.11
B. compounded quarterly
n=10*4=40
i=r/4=0.0525/4
A=P(1+i)^n
=22000*(1+0.0525/4)^40
=37063.29
Therefore, by compounding quarterly, she will get, at the end of 10 years investment, an additional amount of
37063.29-36698.11
=$365.18
Below are the few reasons:
- There may have been a physical basis and yet the placebo can seem like it worked due to the patients mindset that they will get better.
<span>- Also, the doctors must not tell the patient that they will be taking a placebo. They must assure the patient that the "pill" will cure their problems.</span>
