Given the rate per compounding period, find r, the annual rate, 4.425% per quarter
1 answer:
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Answer:
$0.76
Step-by-step explanation:
3.79+2.57+5.8=12.16
12.16 x 0.0625=0.76
To solve this, you have to add all the prices together and then convert the percentage into a number so that you can multiply it by the total sales. You end up with 0.76 cents as the taxes for Akio's Purchase.You convert the percentage by moving it backward 2 decimal places.
