Answer:
I think it's $34,200
Step-by-step explanation:
$114,000 x 30% divide 100 = 34,200
since the selling price is 89.83 and the cost of is 76, the tax amount is 89.83 - 76 = 13.83.
if we take 76 to be the 100%, what is 13.83 off of it in percentage?
The simple interest equation that represent the situation is A = t/5
<h3>What is simple interest?</h3>
Simple Interest (S.I.) is the method of calculating the interest amount for a particular principal amount of money at some rate of interest. For example, when a person takes a loan of 500 dollars, at a rate of 10 per annum for two years, the person's interest for two years will be S.I. on the borrowed money.
Principal(P) borrowed = $2
Rate(R) in percentage = 10
time in years = t
Simple interest(A) = P X R X t / 100
A = 2 X 10 X t/ 100
After reducing 20/100 to the lowest term
A = t/5
In conclusion the simple interest(A) = t/5
Learn more about simple interest: brainly.com/question/20690803
#SPJ1
