jack want to buy a coat that cost 74.95 the sales tax rate in his city 61/2% what is the total costfor the coat
1 answer:
You might be interested in
Answer:
$5751.37
Step-by-step explanation:
The key phrase here is "compounded continuously". This phrase tells you that you must use the following equation:
Where A is the final amount, P is the principal amount, e is the exponential constant, r is the rate in decimals and t is time. By plugging in our known values given we obtain: