The price of the Xbox One after tax is $265
<h3><u>Solution:</u></h3>The price of a Xbox one is $250
The tax on Xbox one is 6%
Now, the tax of 6% on 250 is calculated as follows:-
So, the tax on Xbox one is $15
The total price of box including tax can be calculated by adding price of box and tax on box
<em>Total price of Xbox after tax = actual price of the Xbox One + Tax on the Xbox One </em>
= $250 + $15
= $265
Hence, the price of the Xbox One after tax is $265
Answer:
The exact interest on $5,870 at 12% is $410.9
Step-by-step explanation:
From the information provided we know that
Principal amount: $5,870
Interest rate: 12% -> 0.12
Time: 7 months (From June to December)
When you know the principal amount, the rate, and the time, the amount of interest can be calculated by using the formula:
where P is principal, r is the rate of interest and t is the time in years.
We need to convert the 7 months into 1 year.
Now we can use the above formula
Therefore the exact interest on $5,870 at 12% is $410.9