Answer:
<em>VAT</em><em> </em><em>=</em><em> </em><em>vat</em><em> </em><em>percent</em><em> </em><em>of</em><em> </em><em> </em><em>selling</em><em> </em><em>price</em><em> </em>
Step-by-step explanation:
VAT = vat % × s.p
hope this answer will help you
Yes you are correct good job
<u>Solution-</u>
Let's assume, the rate of interest of $8000 is x%,
then the rate of interest of $17000 is (x+0.3x) =1.3x%
Interest earned by $8000,
Interest earned by $17,000,
According to the question,
∴ Rate of interest of $8000 is 1.96% and rate of interest of $17000 is (1.3×1.96) =2.55%