Answer: 2000
Step-by-step explanation:
Simple interest is calculated as:
(Principal × Rate × Time) / 100
We then slot the value into the formula. This would be:
720 = (P × 6 × 6)/100
720 × 100 = 36P
72000 = 36P
Principal = 72000/36
Principal = 2000
Tax is 4%
Tax in the $140 item is $5.60
(0.04x140)
Answer:
as a fraction it could be 3/5
Step-by-step explanation:
but as a decimal it would be 0.6
