whats 15 dollars with 7 percent tax
To calculate the tax on $15 with a 7% tax rate, you need to multiply the amount by 7% or 0.07.
Tax = $15 * 0.07 = $1.05
So, the tax on $15 at a 7% tax rate would be $1.05.
can you explain a bit more
Certainly! When you have a tax rate, such as 7%, you can convert it into a decimal by dividing it by 100. In this case, 7% is equal to 7/100 or 0.07.
To calculate the tax on a certain amount, you multiply the amount by the tax rate. In this case, the amount is $15, so you multiply $15 by 0.07.
Tax = $15 * 0.07 = $1.05
Therefore, the tax on $15 at a 7% tax rate would be $1.05.
To find out how much $15 is with a 7% tax, follow these steps:
Step 1: Calculate the tax amount:
Tax amount = $15 * (7/100) = $1.05
Step 2: Add the tax amount to the original amount to find the total price:
Total price = $15 + $1.05 = $16.05
Therefore, $15 with a 7% tax rate equals $16.05.