Please help I don’t understand this at all
1 answer:
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Answer:
3yrs
Step-by-step explanation:
Given parameters:
Capital = $700
Percentage interest = 4% per annum
Unknown:
Time it will take for amount to be = $784
Solution:
To find the simple interest on an amount;
I =
P is the principal
R is the rate
T is the time
I is the interest
Insert the parameters:
I =
I = 28T
So;
At the end of the duration:
Principal + Interest = Amount
700+28T = 784
28T = 784 - 700
28T = 84
T = 3yrs
A customer will pay $225.5 for one rug.
Step-by-step explanation:
Given,
Purchase price of rug = $82.00
Mark up = 150%
Amount of mark up = 150% of purchase price
Amount of mark up =
Amount of mark up = 1.5*82 = $123
Price of rug after mark up = Purchase price + Mark up
Price of rug after mark up = 82+123 = $205
Sales tax = 10%
Amount of sales tax = 10% of price after markup
Amount of sales tax =
Selling price = Price after markup + Amount of sales tax
Selling price = 205+20.5 = $225.5
A customer will pay $225.5 for one rug.
Keywords: percentage, markup
Learn more about percentages at:
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