Sunday, 13 April 2014

5 of 2075 is 10375 so is the final figure a flat 103 or the 75 is added some how and if so what is i

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5% of $20.75 is 1.0375; so is the final figure a flat $1.03 or the 75 is added some how and if so what is it? 5% of $20.75 is 1.0375; so is the final figure a flat $1.03 or the 75 is added some how and if so what is it?

No do not add anything. The multiplication with the 5% already has taken it into account becasue

.05 * 20 + .05 * .75 = 1.0375 or when rounded to dollars it is 1.04


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