825
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It is 0825It is 0825It is 0825It is 0825
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How about .06 + .69 = ..07 .0825 X .69 = .056925
1st year --> .0825 * $1500 = $123.75 $123.75 + $1500 = $1623.75 after first year 2nd year --> .0825 * $1623.75 = 133.96 $133.96 + $1623.75 = $1757.71 after second year 3rd year --> .0825 * $1757.71 = $145.01 $145.01 + $1757.71 = $1902.72 after thid year Total amount made off of interest in three years is $402.72 So where is the world did you find a bank that gave you 8.25% interest?!?!
The purchase amount times 8.25% Lets say the price is $80: 80 * .0825 = 6.60 $ tax The total can be found directly by: 80 * 1.0825 = 86.60 $