If you invest $5000 in an account 10 years at a 3% interest rate, how much money will you have?
1 answer:
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<h2>Greetings!</h2>
Answer:
$25830
Step-by-step explanation:
If 100% of the car price is 24,600 , then you can imagine that extra 5% being added to this
100 + 5 = 105
So you need to find what 105% of the cost was.
To do this you can use the percentage formula:
Amount x
Now, you can simply plug the values into this
24,600 x
24600 x 1.05 = 25830
<h3>So the total cost including tax would be $25830!</h3><h3 /><h2>Hope this helps!</h2>