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Evgen [1.6K]
3 years ago
11

An item originally costs $16.95 and is on sale for 22% off the original price. The sales tax is 6.5%. Find the cost of the item

with tax. Work out your problem on paper, record your answer and explain each step you took to solve the problem.
Mathematics
1 answer:
olga_2 [115]3 years ago
8 0

Answer:

$14.08

Step-by-step explanation:

$16.95 * 22% = $3.729

$16.95 - $3.729 = $13.221

^ to find the sale price of the item

$13.221 * 6.5% = $0.859

$13.221 + $0.859 = $14.08

^ to add on sales tax to the sale price

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Annual percentage rate (APR) is the yearly rate for a price which have to pay for borrowing money through credit card.

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now, effective interest rate for n= 30 days  

=r=(1+\frac{i}{n} )^n-1\\\Rightarrow\ r=(1+\frac{0}{30} )^{30}-1\\\Rightarrow\ r=(1+0)^{30}-1=1-1=0

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