Answer:
$203.02
Step-by-step explanation:
Since the bank in question compounds interest continuously, the following equation should be used to determine the final balance (B) in April's account:
Where "e" is a mathematical constant approximated as 2.7183, "i" is the interest rate (1.5%) and "t" is the investment time in years (1):
April's balance would be $203.02 after one year.
Answer:
The Amount of tax paid on the cell phone is $11.9
Step-by-step explanation:
Given as :
The cost of the cell phone = x = $170
The tax rate of the cell phone = r = 7% of the phone cost
Let The Amount of tax paid on the cell phone = $y
<u>Now, According to question</u>
The Amount of tax paid on the cell phone = 7 % of cost of the cell phone
i.e y = 7% of x
Or, y = × x
Or, y = × $170
Or, y =
∴ y = 7 × 1.7
i.e y = $11.9
So,The Amount of tax paid on the cell phone = y = $11.9
Hence, The Amount of tax paid on the cell phone is $11.9 Answer