Question

1 A man earns $85000. He pays 17% of that in tax.
a. Calculate how much he has left, after paying the tax.


b. He takes out a loan to buy a car. The price of the car is $25750. He pays $26740 altogether. What is the percentage interest?

Answer 1

Answer:

A=70750

B=3.8%

Step-by-step explanation:

1 A man earns $85000. He pays 17% of that in tax.

a. Calculate how much he has left, after paying the tax.

Earning=$85000

Tax Rate =17%

Amount=17/100*85000

=0.17*85000

=14450

Remaining Money=85000-14450

=70550

b. He takes out a loan to buy a car. The price of the car is $25750. He pays $26740 altogether. What is the percentage interest?

price of the car = $25750.

Amount he pay=$26740

percentage interest=?

Interest=26740-25750=990

percentage interest=990/25750*100

=3.8%