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Temka [501]
2 years ago
15

The sales tax rate in New Mexico is 5.125%. What will you pay for a $14.50 area rug in New Mexico after tax?

Mathematics
2 answers:
vlada-n [284]2 years ago
8 0

Answer:

15.243125

Step-by-step explanation:

we need to calculate how much would be the tax for 14.5$

so 14.5 * 5.125% = 0.743125

and then we will add that to 14.50

nekit [7.7K]2 years ago
3 0

i dont feel like doing this i have to

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Based on the calculations, the amount of money she invested is equal to $3,520.

<h3>How to determine the amount invested?</h3>

First of all, we would assign variables to the amount of money that he invested at different interest rates as follows:

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Since Lydia invested the same amount of money in both stocks, we have:

x = y     ....equation 1.

At the two interest rates, the total amount Lydia gets is given by:

0.11x + 0.14y = 440     ....equation 2.

Solving the equations simultaneously, we have:

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Total investment = 1760 + 1760

Total investment = $3,520.

Read more on interest rates here: brainly.com/question/16793428

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