What is the sale tax for a purchase of $2,500 and what is the cost of an item with a sales tax of $108?

4.32%

Step-by-step explanation:

Step 1:

To solve this, we must know how to find sales tax first. Let's use this equation:

t = p × r

Let t stand for the total amount of sales tax

Let c stand for the purchase

Let r stand for the sales tax rate.

Step 2:

Now, let us plug in what is given. We know that the purchase made cost $2,500:

t = $2,500 x r

Annddd, we also know that the sales tax is $108:

$108 = $2,500 x r

Therefore, our equation is:

$108 = $2,500 x r

Step 3:

We can simplify this to:

$108 = $2,500r

Step 4:

All we need to do is divide each side by 2500 because the goal is get r all by itself

Step 5:

This gives us:

r = 0.0432

Step 6:

We're not done! Since we are dealing with a percentage, we would multiply .0432 by 100% and that gives us our final answer of

4.32% is our sales tax

answer: c, the green line

step-by-step explanation:

there is no black line, eliminate b.

simple interest implies periodic payments, but the red line shows no payments, eliminate d.

simple interest has equal payments. if paid say every day, the graph is about a straight line (actually a stairstep).

the yellow line is not straight, eliminate a.

check: the green line is straight, answer is c.

simple interest with positive interest rate gives a straight line sloping up to the right. green line:

g(t) = $100 + ($200-$100) ÷ (20 years) × (t years)

= $100 + (4%/year) × ($100)(t years)

incidentally, the yellow line curving upward represents continuously compounded interest

y = $100 × 2^(t years / (14 assuming the yellow line hits $200 at 14 years. 2^0 is 1, so y(0) = $100; 2^(14/14) is 2, so y(14) = $200.