A dinner at Chili’scosts you $32. At this restaurant, there is a 6% sales tax. However, you have to payfor a tip, which is 15%.
1 answer:
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Answer:
Number of year to get $10,000 as interest = 7.5 year (Approx)
Step-by-step explanation:
Given:
Initial investment = $20,000
Interest on investment = $10,000
Rate of interest = 5.6% = 0.056
Find:
Number of year to get $10,000 as interest:
Computation:
Number of year to get $10,000 as interest = 7.44
Number of year to get $10,000 as interest = 7.5 year (Approx)