A credit card had an APR of 14.86% all of last year, and compounded interest
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Answer:
Percentage = 14.2%
Step-by-step explanation:
<u>Given the following data;</u>
Cost of plane ticket = £588
Airport tax = $130
£1 = $1.34
To find the percentage of the total cost spent on airport tax;
First of all, we would convert the ticket cost in pounds (£) to dollars ($).
Cost of plane ticket = £588 to $ = 588 * 1.34 = $787. 92
Total cost = Cost of plane ticket + Airport tax
Total cost = 787. 92 + 130
Total cost = $917.92
<em>Percentage cost = 14.16 to 1 d.p = 14.2%</em>
<em>Therefore, the percentage of the total cost spent on airport tax by Rimo is 14.2 percent. </em>