The price of a pair of shoes is $63.20. the sales tax rate is 4.5 percent. how much sales tax would you pay if you bought these shoes?

4.5% = 0.045

63.20 x 0.045 = 2.844

tax = $2.84

the answer is 200

step-by-step explanation:

the way the question is worded, it seems to imply the $264 interest is simple interest, not compound interest.

the simple interest for 2 years is $264; the simple interest for 1 year is $132.

$132 interest on a $600 investment means an interest rate of (132/600)*100 = 22%.

the value of $200 at 22% interest compounded annually for three years is

200%281.22%29%5e3

the amount of interest is that value, minus the original $200.

47

step-by-step explanation: