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3 years ago

9

What is sales tax and explain how we use it in everyday life. 1-5 sentences plz

1 answer:

bonufazy [111]3 years ago

7 0

Answer: Look below. I hope this helps=3

Step-by-step explanation: Sales tax is an additional amount of money you pay. based on a percentage of the selling price of goods. Also services that are purchased. For example, if you purchase a new television for $400 and live in an area where the sales tax is 7%. Then you would pay $28 in sales tax.

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3 years ago

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JulijaS [17]

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2 years ago

Question 10 (3 points)

Zinaida [17]

Answer:

$3,090.64

Step-by-step explanation:

We shall allocate a random letter to each value, with that I explain the formula.

Initial value of investment = $5,003.86 = P

Rate of interest = 3.7% = R

Compounding interval in a year = 365 = I

Total period = 13 years = T

Value of investment in compound interest formula shall be:

$= P \times (1 + \frac{R}{(I})^{(I \times T)}$

Now, putting values in the above equation:

$= 5,003.86 \times (1 + \frac{0.037}{365}) ^{(365\times13)}$

= $8,094.50

Thus, interest earned = Total value of investment on maturity - Initially invested amount

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4 0

2 years ago