Dividing Decimals by Decimals Word Problems
1 answer:
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If we want to calculate the full prize we need to calculate how much the tax was:
420* 17
%=420*
=420*
=21*
=73.5
so this is how much the tax was.
and the full prize is the cost of the ring and the tax: 420+73.5=493.5
so that's how much the buyer will pay
420* 17
so this is how much the tax was.
and the full prize is the cost of the ring and the tax: 420+73.5=493.5
so that's how much the buyer will pay
Answer:
He will have $39,750 at the end of five years.
Step-by-step explanation:
This is a simple interest problem.
The simple interest formula is given by:
In which E is the amount of interest earned, P is the principal(the initial amount of money), I is the interest rate(yearly, as a decimal) and t is the time.
After t years, the total amount of money is:
In this question:
Interest earned:
Total amount:
He will have $39,750 at the end of five years.