Answer:
have a good one
Step-by-step explanation:
This is a compound interest problem so you cannot use the simple interest formula. Effectively the total amount is being compounded each year by 6%. There is a formula for compound interest but in this simple example you can work this out recursively.
year 1 = 6500
year2 = 6500*1.06 = 6890
year3 = 6890*1.06 = 7303
year4 = 7303*1.06 = 7741..
etc......
year12 = 11604*1.06 = 12338
<span><span>4a+6b=10
4a=10-6b
a=(10-6b)/4
a=(5-3b)/2
</span>
<span>2a-4b=12
2((5-3b)/2)-4b=12
(5-3b)-4b=12
5-7b=12
-7b=7
b=-1
</span>
<span>2a-4b=12
2a-4(-1)=12
2a+4=12
2a=8
a=4
a=4, b=-1 </span>
12a=48</span>
15,640 * 7.2% = 1,126.80 Sales tax
Total cost:
cost of an item: 15,640 - 2,500 = 13,140.00
sales tax 1,126.80
registration fee <u> 106.00</u>
14,372.80 2nd option.
