Answer:
Step-by-step explanation:
The nth term of the given arithmetic sequence is
The first term of this series is:
The last term of this series is when
The sum of the first n terms of an arithmetic series when the first an last term is known is given by:
Where a=5 is the first term and l=27 is the last term.
We have been given that Mr. Luis wants to sell his house. The state he lives in charges a 3.5% sales tax on the sale of a house. The county charges a 3.9% sales tax, and the city charges a 2.2% sales tax.
We are asked to find the total tax, if Mr Luis sells his home for $122,500.
To find total tax, we will add all tax rates as they are being applied to same base.
Now we will find 9.6% of $122,500 to find total tax bill.
Therefore, the total tax bill of Mr. Luis would be .