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Vedmedyk [2.9K]
3 years ago
7

If there is an 8% tax on 1.00 item what is the total amount of the transaction

Mathematics
1 answer:
rosijanka [135]3 years ago
6 0
$1.08
you would multiply your cost (1.00) by 8% which is equivalent to .08 and then add to to the original cost. or to skip the middle step just multiply it by 1.08 since you are adding the 8% to 100% of the original cost
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Step-by-step explanation:

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Use the binomial expansion theorem to find each term. The binomial theorem states (a+b)n=n∑k=0nCk⋅(an−kbk)(a+b)n=∑k=0n⁡nCk⋅(an-kbk).

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