Given:
The formula for total cost is
where, p is the price of item and s is the sales tax rate (as a percent).
You pay $14.77 for an item priced at $14.
To find:
The the tax rate.
Solution:
You pay $14.77 for an item priced at $14. So,
Total cost (T) = $14.77
Price of item (p) = $14
Putting T=14.77 and p=14 in given formula, we get
Multiply both sides by 100.
Divide both sides by 14.
Therefore, the tax rate is 5.5%.
167 divided by 100 = 1.67
1.67 x 14.5= 24.215
answer to nearest tenth = 24.2
Answer:
\simeq 14.94 billion dollars
Step-by-step explanation:
During the period 1994 - 2004, the 'National Income' ,(NI) of Australia grew about 5.2% per year (measured in 2003 U. S, dollars). In 1994 , the NI of Australia was $ 4 billion.
Now,
(2020 - 1994) = 26
Assuming this rate of growth continues, the NI of Australia in the year 2020 (in billion dollars) will be,
![4 \times[\frac{(100 + 5.2)}{100}}]^{26}](https://tex.z-dn.net/?f=4%20%5Ctimes%5B%5Cfrac%7B%28100%20%2B%205.2%29%7D%7B100%7D%7D%5D%5E%7B26%7D)
=![4 \times[\frac{105.2}{100}]^{26}](https://tex.z-dn.net/?f=4%20%5Ctimes%5B%5Cfrac%7B105.2%7D%7B100%7D%5D%5E%7B26%7D)
=\simeq 14.94 billion dollars (answer)
Answer:
a
Step-by-step explanation:
$9802.90
17.4% = 0.174
so retail price = 8,350 + 8,350 * 0.174
= $9802.90
