Chapter 6: Problem 26
Translate to an equation and solve. $$ 100 \% \text { of what is } \$ 74 ? $$
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Chapter 6: Problem 26
Translate to an equation and solve. $$ 100 \% \text { of what is } \$ 74 ? $$
These are the key concepts you need to understand to accurately answer the question.
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Solve. The sales tax rate in Pittsburgh, Pennsylvania, is \(1 \%\) for Allegheny County plus \(6 \%\) for the state. Find the total amount paid for 5 NFL tickets at \(\$ 266\) each.
Solve. Joshua earns \(\$ 120\) for selling \(\$ 2400\) worth of television sets. What is the commission rate?
The amount in a savings account increased from $$\$ 200$$ to $$\$ 216 .$$ What was the percent increase?
The effective yield is the yearly rate of simple interest that corresponds to a rate for which interest is compounded two or more times a year. For example, if \(P\) is invested at \(12 \%,\) compounded quarterly, we multiply \(P\) by \((1+0.12 / 4)^{4},\) or \(1.03^{4}\). Since \(1.03^{4} \approx 1.126\), the \(12 \%\) compounded quarterly corresponds to an effective yield of approximately \(12.6 \% .\) In Exercises 47 and \(48,\) find the effective yield for the indicated account. The account pays \(10 \%\) compounded daily.
A person earns $$\$ 43,200$$ one year and receives an \(8 \%\) raise in salary. What is the new salary?
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