Mr. Sim invest $9000 at 1% per annum compound interest compounded daily. What is his amount at the end of the third day?
1 answer:
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17. (a) The formula with CP subject is
(b) The Cost Price of item without GST is $59.50
(c) The GST of item is $5.95
Step-by-step explanation:
Given formula is;
SP = 1.1 * CP
SP = Selling price
CP = Cost price
(a) Rearrange the formula to make CP the subject;
SP = 1.1 * CP
Dividing both sides by 1.1
The formula with CP subject is
(b) Use your formula from (a) to find the Cost Price of an item without GST if the selling price is $65.45
SP = $65.45
The Cost Price of item without GST is $59.50
(c) Calculate the amount of GST on an item whose selling price is $65.45.
GST = 10% of CP
GST =
GST = 0.1CP
From part (b)
CP = $59.50
GST = 0.1 * 59.50
GST = $5.95
The GST of item is $5.95
Keywords: percentage, multiplication
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