48%= looking for a fraction
1 answer:
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Answer:
1) (D)
2) (B)
3) (C)
Step-by-step explanation:
1) Amount borrowed = $1380 (P)
APR =13% or 0.13 (R)
Time = 15 months (T) = 15/12
Interest amount =
=
= $224.25
Total amount = 1380+224.25
= $1604.25
Monthly payment = 1604.25/15 = $106.95 (D)
2) Amount borrowed = $2240
APR = 15% or 0.15
Time = 18 months
Interest =
=
= $504 (B)
3) Amount borrowed = $5500
APR = 11.5% or 0.115
Time = 5 years
n= 12 (compounded monthly)
M =
=
= $120.95 (C)
Answer:
$4.41
Step-by-step explanation:
We have been given that Otis bought a flashlight for $8 and a sleeping bag for $55 he sales tax was 7% which means 0.07 times the price.
To find the amount of sales tax, we will add cost of sleeping bag and flashlight and multiply the sum by 0.07.
Therefore, Otis paid an amount of $4.41 in sales tax.
The 2nd way is that we can find sales tax of each product separately and then add the amount of sales of two items as:
Therefore, Otis paid an amount of $4.41 in sales tax.