Answer:
The money after 3 years is $5819.8735
Step-by-step explanation:
We are given
monthly payment =$75
so, P=75
annuity that earns 48% APR
so, r=48%
Since, it is compounded monthly
so,
%
i=0.04
now, we can use annuity formula
where
FV is future value
now, we can plug values
we get
The money after 3 years is $5819.8735
Answer:
$ 2.30
Step-by-step explanation:
Given that the sales tax rate
The cost of the book is $ 12.99.
So, the tax on the book= 8.5% of 12.99
=1.10
So, the sales tax on the book is $ 1.10.
The cost of the video game is $ 39.99.
So, the tax on the book= 8.5% of 39.99
=3.30
So, the sales tax on the book is $ 3.40.
The difference of taxes on both the items = $ 3.40-$ 1.10=$ 2.30
So, the tax on the video game is $ 2.30 more than then tax on the book.