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OLga [1]
3 years ago
12

Suppose you deposit $150 in a savings account that earns simple interest at a rate of 5.5% per year. How much interest will you

earn after 4 years?
Mathematics
1 answer:
statuscvo [17]3 years ago
7 0

With simple interest, you only earn  5.5%  of the original  $150  each year.

So after  4  years, your money will earn  (5.5% x 4) =  22%  of the original $150 .

                      22% of $150

                 =  0.22  x  $150

                 =     $33 . 
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Pavel [41]

Answer:

First consider the original amount.

Then consider the rate of tax or markup

To find the tax or markup, multiply the rate by the original amount.

To find the total cost, add the tax or markup to the original amount.

Step-by-step explanation:

Example

A phone has a listed price of $790 before tax. If the sales tax rate is 6.5% find the total cost of the phone with sales tax included. Round your answer to the nearest cent as required.

Solution

Step 1:

List price of the phone = $790

Sales tax rate = 6.5%

Step 2:

Sales tax = 6.5% of 790=0.065×790=51.35

Step 3:

Total cost of phone including sale tax = list price + sales tax

= 790+51.35

= $841.35

hope this helped!

7 0
3 years ago
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mr Goodwill [35]
Thank you for posting your question here at brainly. I hope the answer will help you. Feel free to ask more questions here.

You can include <span>parentheses ()</span> in calculations to indicate which calculation should be done first.
6 0
3 years ago
4f2 + 3h - g+f
Bas_tet [7]

Answer:

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4 0
2 years ago
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Sedaia [141]
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7 0
3 years ago
Read 2 more answers
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MatroZZZ [7]

Answer:

(9,5)

Step-by-step explanation:

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4 0
2 years ago
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