Answer:
P = 2000 * (1.00325)^(t*4)
(With t in years)
Step-by-step explanation:
The formula that can be used to calculated a compounded interest is:
P = Po * (1 + r/n) ^ (t*n)
Where P is the final value after t years, Po is the inicial value (Po = 2000), r is the annual interest (r = 1.3% = 0.013) and n is a value adjusted with the compound rate (in this case, it is compounded quarterly, so n = 4)
Then, we can write the equation:
P = 2000 * (1 + 0.013/4)^(t*4)
P = 2000 * (1.00325)^(t*4)
Answer:
The purchase price is $180
The total price is: $189
Step-by-step explanation:
Sales tax rate = 5\%
Sales tax on bike = $9
We need to find the purchase price.
Let purchase price = x
We know that Sales tax = 5% of x
and Total price = Purchase Price + Sales tax
So, we can write:
Sales tax = 5% of x
Putting values and finding x

So, the value of x i.e Purchase price = $180
The purchase price is $180
Now finding the total price of bicycle
Total price = Purchase Price + Sales tax
Total price = 180 + 9
Total price = $189
So, The total price is: $189
When you add all of the totals together your total amount will be $35.875
When you estimate, you round each number, the add.
We round them to
700+620, which is 1320
So our non estimated answer is 1323
But our estimated answer is 1320