Given:
Original price = $15.25
Tax rate = 7%
To find:
The total amount.
Solution:
We know that,
Total amount = Original price + Tax
According to the question,
Total amount = 15.25 + 7% of 15.25
[tex]\text{Total amount}=15.25+\dfrac{7}{100}\times 15.25[/tex]
[tex]\text{Total amount}=15.25+1.0675[/tex]
[tex]\text{Total amount}=16.3175[/tex]
Round to the nearest cent (two decimal places).
[tex]\text{Total amount}\approx 16.32[/tex]
Therefore, the total value is $16.32.
