If i purchase a product for $79.99 and two accessories for 9.99 and 7.00 how much will i owe after taxes applies 8.75%
1 answer:
Answer:
The total price comes to $105.47
Detailed solution:
Buying one product priced at $79.99 along with two accessories priced at $9.99 and $7.00 respectively requires calculating the amount owed after applying an 8.75% sales tax.
The combined cost before tax is:
$79.99 + $9.99 + $7.00
= $96.98
Next, we apply the 8.75% tax rate:
∴
=
Thus, the final amount after taxes is $96.98 + $8.49 = $105.47
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Answer:
A sum of $12,000 should be allocated at an interest rate of 5.25%, while $13,000 should be put in at 4%.
Step-by-step explanation:
Recall that
The simple interest formula is given by
where
I represents the total interest earned,
P is the initial investment,
r stands for the interest rate, and
t is the number of time periods.
Define
x as the amount invested at 5.25%,
and (25,000 - x) as the amount put in at 4%.
From the problem,
Plugging these into the formula:
Now, isolate x:
Hence, investing $12,000 at 5.25% and $13,000 at 4% meets the required interest condition.