Tiffany plans to use $275 she earned from a summer job to buy some new clothes for school. she found several items she likes but is trying to decide if she has enough money to buy all of them. she wants to buy three pairs of jeans for $42 each and five shirts with an average cost of $27 per shirt. she will have to pay 6.5 % sales tax. if she buys all of these items, how much tax will she have to pay?

answer: the value should be used for i in the formula of calculation the monthly payment , the interest rate per period is 0.85.

step-by-step explanation:

the given rate of interest i= 85%

in calculating the monthly payment for a loan with an interest rate compounded monthly, the value of the interest rate per period we use in the formula must be in decimal form.

to convert it in decimal, we divide it by 100, we get

hence, the value should be used for i in the formula of calculation the monthly payment , the interest rate per period is 0.85.