A -year government bond paid simple interest per year. Over the years, the bond earned in interest. What was the principal of the bond?
Table of contents
- 1. Review of Real Numbers2h 39m
- 2. Linear Equations and Inequalities3h 38m
- 3. Solving Word Problems2h 43m
- 4. Graphing Linear Equations in Two Variables3h 17m
- 5. Systems of Linear Equations1h 43m
- 6. Exponents and Polynomials3h 25m
- 7. Factoring2h 42m
- 8. Rational Expressions and Equations3h 13m
- 9. Inequalities and Absolute Value2h 52m
- 10. Relations and Functions1h 10m
- 11. Roots, Radicals, and Complex Numbers2h 33m
- 12. Quadratic Equations and Functions1h 42m
- 13. Inverse, Exponential, & Logarithmic Functions1h 5m
- 14. Conic Sections & Systems of Nonlinear Equations58m
- 15. Sequences, Series, and the Binomial Theorem1h 46m
3. Solving Word Problems
Percent Problem Solving
Multiple Choice
If sales tax on a \$36 pair of shoes is \$1.26, find the sales tax on a pair of shoes.
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Verified step by step guidance1
First, find the sales tax rate by dividing the sales tax amount by the price of the shoes. Use the formula: \(\text{Tax Rate} = \frac{\text{Sales Tax}}{\text{Price}}\). In this case, it is \(\frac{1.26}{36}\).
Next, express the tax rate as a decimal to understand the percentage of the price that is charged as tax.
Then, use the tax rate to find the sales tax on the \$250 pair of shoes by multiplying the tax rate by 250. The formula is: \(\(\text{Sales Tax on }\) 250 = \(\text{Tax Rate}\) \(\times\) 250\).
Set up the multiplication carefully to ensure accuracy, keeping the tax rate in decimal form and multiplying by 250.
Finally, interpret the result as the sales tax amount for the \$250 shoes, which completes the problem.
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