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 41m
- 2. Linear Equations and Inequalities5h 35m
- 3. Solving Word Problems2h 46m
- 4. Graphs and Functions2h 48m
- 5. Systems of Linear Equations1h 53m
- 6. Exponents, Polynomials, and Polynomial Functions1h 27m
- 7. Factoring2h 49m
- 8. Rational Expressions and Functions2h 21m
- 9. Roots, Radicals, and Complex Numbers2h 33m
- 10. Quadratic Equations and Functions1h 23m
- 11. Inverse, Exponential, & Logarithmic Functions1h 5m
- 12. Conic Sections & Systems of Nonlinear Equations58m
- 13. Sequences, Series, and the Binomial Theorem1h 21m
3. Solving Word Problems
Percent Problem Solving
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Join thousands of students who trust us to help them ace their exams!Watch the first videoMultiple 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: \(\text{Tax Rate} = \frac{\text{Sales Tax}}{\text{Price}}\).
Substitute the given values into the formula: \(\text{Tax Rate} = \frac{1.26}{36}\).
Calculate the tax rate (you can leave it as a fraction or decimal for now).
Next, use the tax rate to find the sales tax on the \$250 pair of shoes by multiplying the tax rate by 250: \(\text{Sales Tax on } 250 = \text{Tax Rate} \times 250\).
Perform the multiplication to find the sales tax amount for the \$250 shoes (you can leave the final multiplication step for calculation).
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