Griselda budgets $50 per month before sales tax for clothes. How much will she spend on clothes each month if she is charged 6% sales tax

Question

Griselda budgets  $50 per month before sales tax for clothes. How much will she spend on clothes each month if she is charged  6% sales tax

anonymous · Answer

50 +50*0,06=53

anonymous · Answer

Keisha's parents want to save $25,000 in her college savings account over the next 20 years. They have  $10,000  to use as an initial deposit. What simple annual interest rate do they need to meet their goal? Round your answer to the nearest tenth.

anonymous · Answer

a)4.5
b)5.0
c)7.5
d)12.5

anonymous · Answer

10000 + 10000*20r=25000
200000r=15000
r=15/200 =0,075
7,5%

anonymous · Answer

Would you make more interest by investing $3000  in a 6-month certificate of deposit (CD) at 3% interest or by investing  $1000 in a 12 month  CD at 3.5% interest? Show your work.