Lincoln invested $15,000 in an account paying an interest rate of 3\tfrac{1}{2}3 2 1 % compounded continuously. Harper investe
1 answer:
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The collected tax on purchase of $76.00 is $5.32
Further explanation:
The sales tax is calculated on the total sales by the formula
Given
Total purchase = $76.00
Percentage of tax = 7%
So,
Putting the values in the formula
So, the collected tax on purchase of $76.00 is $5.32
Keywords: Tax, tax calculation
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