If you are 20 years old and owe $3,500 on a credit card that charges 17% interest, and you regularly pay the minimum charge, you could end up spending nearly $11,000 to pay off the original $3,500 debt. if you choose to pay more than the minimum charge each month, it will to reduce the amount of money you spend and the time it takes to pay off the credit.

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"we first find value of tax in dollars.

the difference between the two prices   is: 23. 54 - 22 = 1.54

therefore the sales tax in dollars is 1.54

the tax % will be   (amount of tax / original cost price ) × 100

(1.54 / 22) × 100  → (0.07) × 100 =   7

so the tax rate is 7%

we can double check the answer.

7 % of 22   → (7/100) × 22 → 0.07 × 22 = 1.54

22 + 1.54 = 23.54"

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