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Jobisdone [24]
2 years ago
5

The wholesale price for a pair of shoes is $3.50. A certain department store marks up the wholesale price by 60%. Find the price

of the pair of shoes in the
department store.
Round your answer to the nearest cent.
Mathematics
1 answer:
Harrizon [31]2 years ago
8 0

Answer:

Step-by-step explanation:

markup is 3.50(0.60) = $2.10

sales price is 3.50 + 2.10 = $5.60

one could also just multiply the wholesale price by 1.60

3.50(1.60) = $ 5.60

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A bank pays 5% interest compounded annually. What principal will grow to $12,000 in 10 years.
makvit [3.9K]
<h3>Answer: 7366.96 dollars</h3>

========================================================

Use the compound interest formula:

A = P(1+r/n)^(n*t)

where in this case,

A = 12000 = amount after t years

P = unknown = deposited amount we want to solve for

r = 0.05 = the decimal form of 5% interest

n = 1 = refers to the compounding frequency (annual)

t = 10 = number of years

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Plug all these values into the equation, then solve for P

A = P(1+r/n)^(n*t)

12000 = P(1+0.05/1)^(1*10)

12000 = P(1.05)^(10)

12000 = P(1.62889462677744)

12000 = 1.62889462677744P

1.62889462677744P = 12000

P = 12000/1.62889462677744

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6 0
3 years ago
What is the rate of change between (2,2) and (17,7)
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