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Bezzdna [24]
3 years ago
14

Find the simple interest when the principal is $2150 with a 6.5% interest rate for 5 years

Mathematics
2 answers:
denis-greek [22]3 years ago
5 0

Answer:

$698.75

Step-by-step explanation:

I = P·i·t

= $2150·0.065·5

= $698.75

Alex3 years ago
3 0

Answer:

$698.75

Step-by-step explanation:

5[(6.5/100) × 2150]

= 698.75

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The income tax rate is 14% if the Algerian government wishes to raise $9 billion in tax revenue and has a workforce of 9,416,534.

<h3>What is the income tax rate?</h3>

It is defined as the tax rate applied on the solely earned money by a single entity.

Algeria has a workforce of 9,416,534

Each entity average annual salary = $6,844

The raise in tax revenue = $ 9 bilion

To find the income tax rate we must find the total income of the workforce,

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Now for income tax:

\rm = \frac{Tax \ revenue}{Total \ income}

=\rm \frac{9 \ billion}{64.45 \ billion}\times 100

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Thus, the income tax rate is 14% if the Algerian government wishes to raise $9 billion in tax revenue.

Learn more about the income tax here:

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