Answer:
in 4 years
Step-by-step explanation:
because you should find the 20% of 150
150×20=3000
3000÷100= 30
so 20% of 150 is 30
then you keep adding 30 to the results till you reach 300
Find the pattern for every 8 years and you have your answer.
150.88=7.4*3.1+3.1*5+7.4*5+7.4*3.1+7.4*5+5*3.1 thank you
The merchant is required to charge him $3.6 in state sales tax
<h3>How much is the merchant required to charge him in state sales tax?</h3>
The given parameters are
Shoe price = $60
Sales tax = 6%
The above means that:
Sales tax = 6% * Shoe price
So, we have:
Sales tax = 6% * $60
Evaluate
Sales tax = $3.6
Hence, the merchant is required to charge him $3.6 in state sales tax
Read more about sales tax at:
brainly.com/question/9437038
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<u>Answer-</u>
<em>Finance charge is $99</em>
<u>Solution-</u>
Price of mountain bike = $762
The store's financing requires a 15% down payment, so the present value of annuity will be,
We know that,
![\text{PV of annuity}=P[\frac{1-(1+r)^{-n}}{r}]](https://tex.z-dn.net/?f=%5Ctext%7BPV%20of%20annuity%7D%3DP%5B%5Cfrac%7B1-%281%2Br%29%5E%7B-n%7D%7D%7Br%7D%5D)
Putting the values,
![\Rightarrow 647.7=P[\dfrac{1-(1+\frac{14}{1200})^{-24}}{\frac{14}{1200}}]](https://tex.z-dn.net/?f=%5CRightarrow%20647.7%3DP%5B%5Cdfrac%7B1-%281%2B%5Cfrac%7B14%7D%7B1200%7D%29%5E%7B-24%7D%7D%7B%5Cfrac%7B14%7D%7B1200%7D%7D%5D)
With a monthly payment of this, he will be paying in 24 months will be,
Then,
The extra amount he will be paying,
