Michael invests $2000 in an annuity that offers an interest rate of 4%
1 answer:
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<u><em>Answer:</em></u>
The sales tax is 8%
<u><em>Explanation:</em></u>
<u>We are given that:</u>
The price of the rocket is $24 and the sales tax is $1.92
To get the percentage of the sales tax, all we have to do is divide the sales tax by the price of the rocket and then multiply the quotient by 100 (to convert the ratio to percentage)
<u>This is done as follows:</u>
% of sales tax =
% of sales tax = %
Hope this helps :)