so, that gives you the compounded amount, after 10 years, if you want to know how much interest was earned? well, just subtract the Principal from the Amount, or A - P <--- that's how much interest was earned
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so, that gives you the compounded amount, after 10 years, if you want to know how much interest was earned? well, just subtract the Principal from the Amount, or A - P <--- that's how much interest was earned
Given:
The price of a doll = $35
Sales tax = 6%
To find:
The tax amount that a customer will pay on one doll.
Solution:
The price of doll is $35 and the sales tax is 6%, so the tax amount on a doll is 6% of 35.
Therefore, the tax amount that a customer will pay on one doll is $2.1.